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Strength Seen in Chefs" Warehouse (CHEF): Can Its 5.1% Jump Turn into More Strength?

Chefs' Warehouse (CHEF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. Chefs' Warehouse (CHEF) shares ended the last trading session 5.1% higher at $34.64. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.4% gain over the past four weeks.Shares of Chefs' Warehouse got a boost as the company’s raised its guidance for full-year 2022, on the basis of present business trends and view for the rest of the year. Management now anticipates net sales to be $2.325-$2.425 billion; gross profit of $542.0-$565.0 million and adjusted EBITDA in the band of $130.0-$140.0 million. Robust customer demand and the company’s ability to offer products efficiently have been driving its performance.This distributor of specialty food products is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of +475%. Revenues are expected to be $558.95 million, up 32.2% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Chefs' Warehouse, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CHEF going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Chefs' Warehouse is a member of the Zacks Food - Miscellaneous industry. One other stock in the same industry, Freshpet (FRPT), finished the last trading session 1% lower at $52.93. FRPT has returned -11.7% over the past month.For Freshpet, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.14. This represents a change of +17.7% from what the company reported a year ago. Freshpet currently has a Zacks Rank of #3 (Hold). Zacks' Top Picks to Cash in on Electric Vehicles Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investorsSee 5 EV Stocks With Extreme Upside Potential >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Chefs' Warehouse, Inc. (CHEF): Free Stock Analysis Report Freshpet, Inc. (FRPT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 23rd, 2022

4 Retail Stocks With High Probability to Top Earnings Estimates

Amid supply chain challenges, Costco (COST), Five Below (FIVE), Designer Brands (DBI) and Ross Stores (ROST) are likely to have benefited from a consumer-centric approach, refresh assortments and digitization. Though the earnings season has reached its tail end, the main chunk of releases from the Retail-Wholesale sector is yet to come. Per the latest Zacks Earnings Outlook, the sector is anticipated to witness top-line growth of 5.2% year over year in first-quarter 2022. This follows a 7.5% increase in the preceding season and a 14.2% jump in the year-ago period. Again, the bottom line is expected to decline 18.8% this earnings season. The sector had registered earnings growth of 39.9% in the last reporting cycle and 86.5% in the prior-year quarter.It is evident from the aforementioned estimates that the sector is likely to have witnessed a modest acceleration in sales as soaring inflation has been squeezing disposable income. Higher gasoline and food prices have been forcing consumers to rein in spending on big-ticket items and look for budget-friendly options. Again, these reporting cycle companies are up against last year’s record government stimulus that spurred demand above pre-pandemic levels.Meanwhile, industry participants have been dealing with high labor costs amid the tight labor market, increased freight costs, container shortages, and supply delays. These have been putting pressure on margins and, in turn the bottom line. Nonetheless, companies have been focused on undertaking initiatives to mitigate cost-related challenges. These include streamlining operational structures, optimizing supply networks as well as adopting effective pricing policies.Companies have been undertaking a more consumer-centric approach — emphasizing on membership programs, upgrading store technology, shopping via mobile apps and last-mile delivery solutions. Expedited delivery services like doorstep delivery, curbside pickup or buy online and pick up at store, as well as contactless payment solutions, have been aiding in maximizing the share of customers’ wallets.Making the Perfect ChoiceOur research shows that for stocks with the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), the chance of a positive earnings surprise is as high as 70%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here.4 Prominent PicksCostco Wholesale Corporation COST deserves mention. The stock has a Zacks Rank #2 and an Earnings ESP of +1.90%. The Zacks Consensus Estimate for its third-quarter fiscal 2022 earnings is pegged at $3.04 per share. The consensus mark for earnings has increased by a penny in the past seven days. COST has a trailing four-quarter earnings surprise of 13.3%, on average.Costco continues to be one of the dominant warehouse retailers based on the expanse and quality of merchandise offered. Its growth strategies, better price management, decent membership trends and increasing penetration of e-commerce business have been contributing to its upbeat performance. Cumulatively, these factors have been aiding in registering impressive sales numbers. The company is scheduled to report results on May 26.Costco Wholesale Corporation Price, Consensus and EPS Surprise Costco Wholesale Corporation price-consensus-eps-surprise-chart | Costco Wholesale Corporation Quote Five Below, Inc. FIVE, with a Zacks Rank #3 and an Earnings ESP of +0.17%, is worth betting on. The Zacks Consensus Estimate for its first-quarter fiscal 2022 earnings per share is pegged at 60 cents. The consensus estimate for earnings has been stable over the past 30 days. This extreme-value retailer for tweens, teens and beyond has a trailing four-quarter earnings surprise of 21.4%, on average.Five Below’s focus on providing trend-right products, improving the supply chain, strengthening digital capabilities and remodeling older stores should support sales growth and increase market share. The company’s business model, financial strength, store growth opportunities, and upside potential offered by Five Beyond make us optimistic.Five Below, Inc. Price, Consensus and EPS Surprise Five Below, Inc. price-consensus-eps-surprise-chart | Five Below, Inc. Quote You may consider Designer Brands Inc. DBI. The stock has a Zacks Rank #3 and an Earnings ESP of +2.17%. The Zacks Consensus Estimate for its first-quarter fiscal 2022 earnings per share is pegged at 23 cents. The consensus mark has risen by a penny in the past seven days. DBI has a trailing four-quarter earnings surprise of 112.8%, on average.Designer Brands’ flexible business model, best-in-class omnichannel capabilities and Owned Brands portfolio have been the key drivers of growth. The company’s efforts to expand sourcing and supply chain capabilities have been leading to speed to market with new designs and faster delivery times.Designer Brands Inc. Price, Consensus and EPS Surprise Designer Brands Inc. price-consensus-eps-surprise-chart | Designer Brands Inc. Quote Investors can count on Ross Stores, Inc. ROST, one of the largest off-price apparel and home fashion chains in the United States, with a Zacks Rank #2 and an Earnings ESP of +1.24%. The Zacks Consensus Estimate for first-quarter fiscal 2022 earnings per share has been stable at 99 cents in the past 30 days. ROST has a trailing four-quarter earnings surprise of 33.3%, on average.Ross Stores has been consistent with the execution of its store expansion plans over the years. The disruption in the industry caused by the pandemic provided Ross Stores with an opportunity to expand its market share. The company has been focusing on improving in-store productivity and undertaking strategic price increases to mitigate higher costs. The company is slated to report financial numbers on May 19.Ross Stores, Inc. Price, Consensus and EPS Surprise Ross Stores, Inc. price-consensus-eps-surprise-chart | Ross Stores, Inc. QuoteStay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Costco Wholesale Corporation (COST): Free Stock Analysis Report Ross Stores, Inc. (ROST): Free Stock Analysis Report Five Below, Inc. (FIVE): Free Stock Analysis Report Designer Brands Inc. (DBI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksMay 12th, 2022

The 64 best Mother"s Day gifts to get mom that aren"t just flowers

If you're looking for a thoughtful Mother's Day gift for Mom, we put together a list for all budgets and interests. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.If you're looking for a thoughtful Mother's Day gift for Mom, we put together a list for all budgets and interests.Senreve; Homesick; The Sill; Artifact Uprising; Amazon; Nordstrom; Uncommon Goods; Alyssa Powell/InsiderAlthough mothers may be challenging to shop for (especially the ones who humbly state "you don't have to get me anything"), we can safely say yours will love any of the gifts in this guide.This list can help spark some better ideas than a coupon book for hugs and make it easier on you to show you care on her birthday, Mother's Day, or just because. Whether she's into the latest and greatest tech, loves to read, or wants to update her work-from-home wardrobe with comfortable loungewear, there's a perfect gift for Mom below.You can see all our gifts below, or use these links to jump to products that suit your mother's particular gift needs.Here are 64 of the best gifts for Mom:Style giftsFood and kitchen giftsTech giftsHome giftsBeauty giftsHobby-related giftsThis list includes Sponsored Products that have been suggested by Nisolo. It also meets our editorial criteria in terms of quality and value.*Style giftsA proud sweatshirt for the southern momOutdoor VoicesY'all Graphic Sweatshirt, available at Outdoor Voices, $88Any Southern mom will adore this loud-and-proud declaration of their heritage. She'll be as comfy as she is cheery in this yellow "y'all" soft cotton terry sweatshirt.Pearl hoop earringsMejuriMejuri Pearl Hoops, available at Mejuri, $78Get your mom a beautiful pair of earrings or a necklace with her zodiac sign that she can wear every day. Mejuri is a favorite jewelry startup of ours, so your Mom will likely enjoy this Canadian company's delicate jewelry, too. You can also browse more jewelry gifts for mom here.Read our full review of Mejuri here.A comfortable, ethical sandalNisoloGo-To Flatform Sandal, available at Nisolo, $130Nisolo is known for its ethically and sustainably made footwear. The aptly named Go-To Flatform Sandal is a basic summer staple that can be dressed up or dressed down — a practical wardrobe necessity. *Sponsored by Nisolo.A roomy work bag with tons of pocketsDagne DoverDagne Dover Allyn Tote, available at Dagne Dover, from $219Dagne Dover's Allyn Tote is a sophisticated and spacious work bag with a padded laptop sleeve, water bottle holder, and other thoughtful interior pockets that will keep Mom organized and always ready to go. A pair of sunglasses to block the sun in styleGlassesUSACheck out GlassesUSA's selection of sunglasses, starting at $19Sunglasses are spring and summer essentials and a perfect gift for Mom. GlassesUSA carries a wide variety of popular brands, including Ray-Ban, Oakley, Muse, Prada, and more. If you want a pair for yourself too, you can buy one and get one free with the code BOGOFREE at checkout.Read our full review of GlassesUSA here.A beautiful scarf with her birth-month flowerUncommon GoodsBirth Month Flower Scarf, available at Uncommon Goods, $48Give her something beautiful to wear that will remind her how thoughtful you are every time she wraps it. This scarf is patterned with the flower of her birth month, a nice touch of under-the-radar personalization.A gold square watch to keep track of timeNordstromMVMT Signature Square Bracelet Watch, available at Nordstrom, $128For the mom who's always running late, this elegant square watch bears a minimalist and luxurious design that elevates any look. The gold watch is so impossible to miss that she'll now be on time for every occasion with it as a reminder.Luxe slippers with a cozy cashmere blendMargauxSlippers, available at Margaux, $158Made from a soft wool-cashmere blend and cushiony foam padding, Margaux slippers feel like stepping into a cloud. Mom will enjoy wearing any of the three styles — Slide, Ballet, or Cozy — around the house.A recycled fleece to stay warmGirlfriend CollectiveTeddy Recycled Half-Zip Fleece, available at Girlfriend Collective, $89.60Moms love effortless comfort and this super soft fleece delivers just that for her. Not only will she enjoy the warmth, but she'll feel good knowing she's helping the environment with this recycled pullover.A chic purse that can turn into a backpackSenreveAlunna, available at Senreve, starting at $645A purse is an obvious gift for Mom if she has an eye for handbags, but you can mix things up by giving her one that's both a purse and a backpack. The Alunna by Senreve is versatile and stylish, and it can be worn on her back, hand, over the shoulder, or across the body. Plus, it can organize all of Mom's essentials with its two interior pockets and exterior cardholder.Popular leggings with a no-slip fitVuoriDaily Legging, available at Vuori, $84Vuori is well-known for its super-soft fabrics and flattering cuts, and the Daily Leggings are just another example. This style looks like a pair of joggers but fits like a pair of leggings. The high waistband and drawstring allow for a snug feel while the brand's smoothing technology gives an airbrushed appearance.Read more about the Daily Legging here.A pair of cozy, eco-friendly slip-on shoesAllbirdsWomen's Wool Lounger Fluffs, available at Allbirds, $115Keep mom looking cool and feeling comfy every time she leaves the house with these slip-on sneakers. Made with cozy soft merino wool inside and out, these shearling shoes are ideal for cool fall days running errands or meeting up with friends for lunch. The best part: The entire shoe is machine washable.A pendant necklaceSet & StonesSet & Stones Cheyenne Mama Necklace, available at Nordstrom, $198Your mom will want to keep this pendant necklace very close to her heart. It'll sit lightly around her neck and be a subtle reminder of her special bond with you. If this is quite her style, you can browse more jewelry gifts for mom here.The gift of comfortable loungewearTommy JohnShop all women's loungewear and sleepwear, available at Tommy JohnTommy John E-Gift Card, available at Tommy John, starting at $25The Insider Reviews team is positively smitten with Tommy John's loungewear and underwear — so much so, we named the latter one of the best women's underwear brands in our buying guide, so you can be sure Mom will love it too.A leather wallet that can be monogrammed with Mom's initialsLeatherologyKlyde Continental Wallet, available at Leatherology (+ $10 for monogram), $60A sophisticated leather wallet instantly elevates a busy mother's everyday style and keeps her organized when she's constantly moving from place to place. You can get this leather wallet from Leatherology in 11 colors and three different personalization options. A personalized T-shirtKnown SupplyKnown Supply Personalized Women's Fitted Crew, available at Known Supply, $32You can personalize this comfortable Pima cotton tee with "mom" or "mama" — or any other name that's under nine characters — in cute, loopy cursive. A luxurious bathrobeParachuteParachute Classic Bathrobe, available at Parachute, $109A plush bathrobe will make every shower feel like a trip to the spa. Parachute's soft Turkish cotton robe comes in four great colors: white, mineral, blush, and stone. This cozy gift for Mom will become her go-to pick. Read our full review of the Parachute Classic Bathrobe here.A crossbody bag with a hand-painted monogramClare V.Clare V. Midi Sac, avaliable at Claire V., starting at $335 (+ $50 for hand-painted monogram)This leather crossbody bag comes in tons of colors and is great for travel and daytime outings — for an extra $50, you can customize it with a gold foil or hand-painted monogram. A passport cover and luggage tagLeatherologyDeluxe Passport Cover + Luggage Tag Set, available at Leatherology, starting at $65 + monogram $20Mom might be planning her next trip out of town, and what better travel accessory to have than a personalized passport cover and luggage tag? She'll be less likely to lose her passport or suitcase thanks to these colorful accessories that also sport her initials. Food and kitchen giftsA delicious treat from Milk BarMilk Bar/Alyssa Powell/InsiderCheck out all the goodies in Milk Bar's Gift Shop starting at $39Milk bar cakes topped our list of the All-Time Best things we've tested and these treats will definitely satisfy Mom's sweet tooth. Choose from a limited-edition Strawberry Shortcake Cake, the bestselling B'Day Truffles, and plenty more. We break down how to shop for Milk Bar online, here. Read our full review of Milk Bar.A cocktail maker that mixes drinks in secondsBartesianBartesian Premium Cocktail and Margarita Machine, available at Amazon, $369.85Summer's almost here, which, for some moms, means it's time to break out refreshing cocktails. This cocktail maker will make Mom's life a whole lot easier, since all she has to do is pop in a cocktail capsule, choose her preferred strength, and press mix. She'll be sipping a margarita, cosmopolitan, or gin martini in seconds.Read our full review of the Bartesian Premium Cocktail and Margarita Machine here.  A wooden gift crate with 2 pounds of cheese insideMurray's CheeseMurray's Cheese Greatest Hits Gift Box, available at Murray's Cheese, $95Cheese lovers will find a lot to like in this wooden gift crate (yes, crate) from Murray's Cheese, which includes two mouthwatering pounds of English cheddar, brie, cave-aged Gruyere, and one-year-aged Manchego along with snacks to pair with each cheese: spiced cherry preserves, sea salt crackers, and Marcona almonds.For more of the best from Murray's Cheese, check out our guide to the best cheeses you can buy online.Read our review of Murray's Cheese gift boxes.A gift subscription to a popular coffee clubAtlas Coffee ClubAtlas Coffee Club 3-Month Gift Subscription, available at Atlas Coffee Club, $55If her veins run dark roast, a coffee gift won't go unused. We recommend a gift subscription to the Atlas Coffee Club, which curates a global selection of single-origin coffee that gets freshly roasted and shipped to your house starting at $9 per bag. Read our full review of the Atlas Coffee Club Subscription here.A cookbook focused entirely on vegetablesMilk StreetMilk Street Vegetables Cookbook, available at Amazon, $26.35If your mom is a vegetarian (or just trying to do more Meatless Mondays), this cookbook takes inspiration from the many ways in which vegetables are celebrated by different cultures around the world.A Le Creuset dutch ovenAmazonLe Creuset Round Dutch Oven, available at Williams-Sonoma, starting at $250At $160, this Le Creuset dutch oven might be the most expensive piece of cookware in Mom's kitchen, but it'll also be the most used. It comes in tons of colors, so you can choose Mom's favorite. We've even ranked it as the best overall in our guide to the best dutch ovens. It's one of the best products we've ever tested.Read our full review of the Le Creuset Round Dutch Oven here.A cutting board in the shape of the state Mom calls homeAmazonTotally Bamboo State Cutting & Serving Board, available at Amazon, $29.99Available for all 50 states as well British Columbia, Puerto Rico, Long Island, and Ontario, this uniquely shaped cutting and serving board doubles as kitchen decor. An indoor herb garden that requires zero effortClick & GrowClick & Grow Smart Garden 3 Indoor Gardening Kit, available at Click & Grow, $139.95Every chef knows that cooking with fresh ingredients like basil can make a big difference. The Click & Grow Smart Garden is a self-watering system that allows even the most amateur gardeners to quickly and effortlessly grow herbs and vegetables. We tried it and were impressed with how well it worked, as well as the truly effortless process. Read our full review of the Click & Grow Smart Garden 3 Indoor Gardening Kit here.A tasty baking cookbookAmazon"Dessert Person" by Claire Saffitz, available at Amazon, $21.11For the mom who adores baking, this dessert cookbook has plenty of baking recipes to satisfy the family's sweet tooth. It offers recipes and guidance on how to bake sweet and savory treats whether it's a caramelized honey pumpkin pie or English muffins.  If she already has it, here are some of the best baking books recommended by professional bakers.A retro-inspired electric kettleNordstromSMEG 50's Retro Style 7-Cup Electric Kettle, available at Williams-Sonoma, starting at $189.95With this retro-inspired electric kettle in her kitchen, she'll spend much less time making tea and more time enjoying a cup. It comes in 10 fun colors, like pastel green and bright red. You can learn more about this kettle in our guide to the best electric kettles. A water bottle that solves all pain pointsHydro Flask/Alyssa Powell/InsiderHydro Flask Wide Mouth Watter Bottle (32 oz), available at REI, $44.95Hydro Flask water bottles are one of the All-Time Best products we've ever tested and have a cult following for a number of reasons: The double-walled vacuum seal keeps hot drinks hot and cold drinks cold for hours on end, many products come with a lifetime warranty, and the bright colors add a bit of fun to something that's otherwise thought of as ordinary. You can hear more about why we love this water bottle in our guide to the best travel mugs. A delicious wine-mimic for healthy nights offJukes CordialitiesJukes 6, available at Jukes Cordialities, $48.50 for 9If mom loves vino, she'll love this tasty non-alcoholic substitute for nights where she's craving a glass but wants to stay sober. Created by a British wine critic, Jukes Cordialities are thoughtful and complex — the closest to the real stuff we've tried.We personally love the full red mimic, Jukes 6, which is deep and spicy like a glass of Rioja, and pairs well with food in the same way wine does — all without the buzz and with the added health benefits of organic apple cider vinegar (the base).Tech giftsA voice-assisted remote for all Mom's streaming needsAmazonFire TV Stick with Alexa Voice Remote, available at Amazon, $39.99She can access hundreds of streaming services, including Hulu, Netflix, Disney Plus, HBO Max, and more, with this affordable entertainment hub. Plus, Amazon Prime members get unlimited access to thousands of movies and TV episodes with Amazon Prime Video. This model supports up to 4K Ultra HD. You can read more in our guide to the best streaming devices.The Amazon EchoAmazonAmazon Echo (4th Generation), available at Amazon, $99.99There's an ever-so-slight learning curve in figuring out what Amazon's Alexa can and can't do, but once that's passed, the Echo can forecast the weather, read an audiobook, order a pizza, tell jokes, or any number of things Mom should find charming. Read our full review of the Amazon Echo (4th Generation) here.A step tracker to keep her movingFitbitFitbit Charge 5, available at Best Buy, $149.95If your mom's looking to stay on top of their health, we highly recommend gifting a very practical Fitbit. The Charge is one of our top picks for covering all the basics — counting steps, tracking sleep, 24/7 heart rate monitoring, tracking 20 different exercises — without breaking the bank, and all with an easy-to-read display and sleek design on the wrist.(If she'd want smartphone notifications on her wrist, too, we recommend the Versa 2, which has a bigger display but is still reasonably priced.)Alexa-enabled glassesAmazonEcho Frames Smart Glasses, available at Amazon, $154.99If your mom loves tech, they'll think these smart glasses are from the future. Amazon's Echo Frames allow for open-ear audio, hands-free calling, and access to thousands of Alexa's skills.Read our full review of the Amazon Echo Frames.A cuter way to send mom "love you" messagesUncommon GoodsLovebox Spinning Heart Messenger, available at Uncommon Goods, from $100Moms love nothing more than being randomly told their kids love them, and this creative box lets you do it in a way more special than just a text. When you send a message, the heart on the box will spin and she can open it up to read the digital display of your loving words.A digital picture frame for remembering the good timesAuraCarver Digital Picture Frame, available at Aura, $159It's hard to find a mom who isn't obsessed with taking photos and displaying them all around the house. But instead of buying tons of picture frames, she can show off all her family photos using this digital picture frame. You can upload an unlimited amount of pictures to the Aura app, connect the frame to Wi-Fi, and she's all set. Read our full review of Aura here.A waterproof Kindle PaperwhiteAmazonAmazon Kindle Paperwhite, available at Amazon, $109.99If your mom's tired of lugging around heavy hardcovers, the Kindle Paperwhite is an extremely thoughtful and practical gift. The latest version is waterproof, too, which is a huge bonus.Read our full review of the Amazon Kindle Paperwhite here.A rejuvenating, at-home foot massagerRENPHORENPHO Foot Massager Machine, available at Amazon, $129.99Treat her to a spa day any (and every) day she wants with this at-home foot massager. It's a full-service Shiatsu device that offers kneading, compression, and heat therapy. We love that it encompasses your ankles too for extra relief, all of which is why it's our top pick.An alarm clock that uses light to wake her up gentlyAmazonPhilips Light Alarm Clock, available at Amazon, $149Just because Mom has to wake up before the sun rises doesn't mean they have to awaken to the blaring of an obnoxious alarm clock.Philips makes a lovely alarm clock that gradually lights up to mimic the sunrise. The light alarm clock also displays the time and has customizable sounds, so Mom can wake up feeling rested and ready for the day. You can find out why we recommend this alarm clock in our guide to the best sunrise alarm clocks. Read our full review of the Philips Wake-Up Light.A mini massage gunTherabodyTheragun Mini, available at Therabody and Amazon, from $147If she's achy from regular exercise or a pulled muscle, every type of person will see benefit from using a massage gun. We love the Theragun Mini because it'll work out kinks and aches anywhere you place it with a powerful motor and easy-to-hold grip.Home giftsA fresh flower bouquetUrban StemsUrbanStems bouquets, available at UrbanStems, from $45We've ordered bouquets from UrbanStems and it offers gorgeous flower arrangements, potted plants, and even dried bouquets, and they're delivered quickly, too. A bouquet of flowers is a classic gift for Mom that she'll love on any given day. Its bouquets are one of the best things we've ever tested. Read our full review of UrbanStems.A candle for your favorite spot togetherHomesick, Rachael Schultz/InsiderHomesick Memory Candles, starting at $27.20Whether your best memories are childhood ski trips, your annual beach vacation, or just baking in the kitchen together, share the sentiment with mom. Homesick makes a deliciously-scented candle for nearly every memory — and if that doesn't work, it also has a candle for every state and city, astrology sign, and even one that simply says, "Thank you, Mom."Soft, crisp sheets and beddingBrooklinenBrooklinen Queen Classic Hardcore Sheet Bundle, available at Brooklinen, starting at $231Brooklinen Queen Luxe Hardcore Sheet Bundle, available at Brooklinen, starting at $273Brooklinen's luxe sheets are the ones we always recommend to friends, family, and readers, for their affordable price, sophisticated look, and comfort.The Hardcore Sheet Bundles have everything she needs to completely makeover your mom's bed — and stay nice and cozy all year long. Each bundle includes a flat sheet, fitted sheet, duvet cover, and four pillowcases. Brooklinen also sells comforters, pillows, candles, and blankets. This is another item that features in our list of the All-Time Best products we've tested.Read our full review of Brooklinen sheets here.A custom map posterGrafomap InstagramGrafomap Custom Map Poster, available at Grafomap, starting at $49Grafomap is a website that lets you design map posters of any place in the world. You can make one of your mom's hometown, college town, favorite travel destination, or the place she got engaged or married — you're only limited by your imagination.Read our full review of the Grafomap Custom Map Poster here.A hardcover photo book for any mother figureArtifact UprisingHardcover Photo Book, available at Artifact Uprising, starting at $72Honor any mother figure with a custom hardcover photo album that commemorates their best life moments. You can tie in her life story with a display-worthy dust jacket that puts her front and center. Choose from 11 fabric binding colors to complement her bookshelf or coffee table.A cute potted plant instead of flowersThe SillShop The Sill's selection of plants starting at $18The Sill is a relatively new startup that's making the process of choosing and buying house plants much easier. This gift set is just one of many options you can choose from — you can even shop based on which plants are pet-safe. Read our full review of The Sill here.A weighted blanket to help her sleep betterBearabyBearaby 15-pound Cotton Napper, available at Bearaby, $249Made of soft organic cotton just like her favorite T-shirt, this weighted blanket can help Mom fall asleep faster and its buttery softness is perfect for wrapping up in. We ranked it as the best weighted throw blanket in our guide to the best weighted blankets. A jewelry holderCatbirdCatbird Swan Ring Holder, available at Catbird, $32This ornate swan is a subtle jewelry holder that'll dress up any bathroom countertop or nightstand.A personalized photo calendar for her deskArtifact UprisingWalnut Desktop Photo Calendar, available at Artifact Uprising, starting at $35A desk calendar can add a decorative touch to her desk, but one that displays photos of family makes for an even better gift for Mom. She'll love glancing at her calendar and being reminded of her favorite memories with you.A coffee table book for the mom who loves photographyAmazon"Women: The National Geographic Image Collection," available at Amazon, $26.49You can't go wrong with a coffee table book gift for Mom, and this one is a true standout. The photography is sure to be top-notch, since National Geographic created this book. Moms often serve as constant sources of inspiration, so why not pass along this book of powerful women?A fancy candle setOtherland/Alyssa Powell/InsiderOtherland Candles The Threesome, available at Otherland, $89Candles make any home smell great, and this fancy candle set from Otherland will look gorgeous in any room in her house. It includes three coconut and soy wax blend candles in beautiful glass vessels. Each candle burns for 55 hours — that's a lot of time that your mom can spend enjoying this gift. We named candles by Otherland one of the All-Time Best products we've tested.Read our full review of Otherland candles here.Beauty giftsA face mask set for at-home spa daysfreshMini Loves Mini Masks Set, available at Walmart, $44.74Moms need time to themselves, too, and these face mask minis will have her and her skin feeling rejuvenated. She can kick back and relax with one of the black tea masks, the clay mask, the rose mask, or even the sugar exfoliator.A two-in-one hair dryer brush for easy at-home blowoutsAmazonRevlon 1 Step 2-in-1 Hair Dryer Volumizer Styling Brush, available at Amazon, $69.99If your mom has been eyeing the $600 Dyson Airwrap, this is a more affordable alternative that produces similarly easy blowouts at home. It's our favorite blow dryer brush if you're on a budget.A luxurious facial treatment deviceZIIPZIIP GX Series, available at ZIIP Beauty, $495Switch up her facial appointments with the ZIIP experience that beautifully improves your skin beyond your imagination with every use. The ZIIP devices employ energy from tiny electrical currents with a conductive gel to sculpt and tighten the skin for a radiant glow. The weighted sleep mask that's the ticket to instant sleepAnthropologieNodpod Weighted Eye Mask, available at Anthropologie, $34Move over, weighted blankets. These eye masks have gentle weights with just the right amount of pressure to lull her to sleep. The four equally weighted pods let her rest easy no matter her sleep position. A floral fragrance with a pear and white freesia scentJo MaloneEnglish Pear & Freesia Cologne, available at Jo Malone, $145If she prefers a light yet luscious fragrance, this Jo Malone perfume makes for a lovely layer. This floral perfume accentuates her style with a smell of autumn from the freshness of the pear and freesias along with the subtle woodsy scents.Hobby-related giftsA 'book of the month' membershipBook of the MonthBook of the Month Membership, available at Book of the Month, from $49.99 for 3 monthsIf she loves to read and isn't ready to go 100% digital, a Book of the Month membership is the perfect gift. This gift subscription gets Mom her pick of the best new books for $12.50-$15 a month, depending on the length of subscription you choose to give. She can also request extra books if she reads more than one book a month. You can learn more about Book of the Month here.A yoga mat for the fitness enthusiastMandukaProLite Yoga Mat, available at Manduka, $99For the mom who starts every morning with yoga, this mat has just the right amount of padding, is made of eco-friendly materials, and has a no-slip grip texture. It has even earned the title of best yoga mat overall in our guide to the best yoga mats.A year-long MasterClass membership to learn new thingsMasterClassAnnual Membership, available at MasterClass, $180/yearMasterClass, unlike many competitors, follows a format that feels like a one-sided conversation with your favorite icons rather than a traditional academic setting. You can get into the supplementary reading materials or just listen to their insight while running errands. An Unlimited Membership grants access to all the site's online courses for the year.Some popular courses include Neil deGrasse Tyson on Scientific Thinking and Communication, Malcolm Gladwell on Writing, Shonda Rhimes on Writing for Television, and Bob Iger on Business Strategy and Leadership.Read our full review of MasterClass here.A jigsaw puzzle featuring a family photoZazzleMemorable Family's Jigsaw Puzzle, available at Zazzle, starting at $29.95If your mom loves puzzles (and has finished practically all of them), this custom one featuring a cherished family photo will earn a spot on the wall when it's done.A daily planner for the busy momAmazonPanda Planner Daily Planner 2021, available at Amazon. $23.97 Even the most organized mom could use the help of a trusty planner. This one from Panda Planner has monthly, weekly, and daily sections for all of her needs. She'll have her schedule, tasks, goals, and projects all in one place. We like the layout of this planner so much that we include it in our guide to the best planners.A DNA test kit23andme23andMe Health + Ancestry DNA Test, available at 23andMe, $199This genetic test kit from 23andMe is a unique and cool gift idea for any mom who's interested in learning more about her family history.A personalized video message from her favorite celebrityCameoPersonalized video message, available at Cameo, starting at $1When trying to think of a unique gift for Mom, one that might not immediately come to mind is Cameo. The online service has tons of famous people she might want a personalized video message from, like her favorite actor from "The Office." Whether it's for her birthday, Mother's Day, or a different milestone, there's something for everyone on Cameo, with all types of categories and price points to choose from.Read more about Cameo and how to use Cameo. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderApr 20th, 2022

What"s in the Cards for Signature Bank"s (SBNY) Q1 Earnings?

While business expansion is expected to have propelled fee income and NII growth for Signature Bank (SBNY) in Q1, rising expenses are likely to have hindered bottom-line growth. Signature Bank SBNY is scheduled to report first-quarter 2022 earnings, before the opening bell, on Apr 19. The company’s revenues and earnings are expected to have witnessed year-over-year increases.Signature Bank is one of the preeminent banks catering to the cryptocurrency industry, with significant deposits from its digital asset business. In the last reported quarter, the bank’s earnings surpassed the Zacks Consensus Estimate on an increase in the non-interest income and record growth in loan and deposit balances. However, a rise in operating expenses was the undermining factor.Notably, Signature Bank has an impressive earnings surprise history. It surpassed estimates in all trailing four quarters, delivering an earnings surprise of 10.8%, on average.Signature Bank Price and EPS Surprise  Signature Bank price-eps-surprise | Signature Bank QuoteThe company’s activities in the to-be-reported quarter were adequate to win analysts’ confidence. As a result, the Zacks Consensus Estimate for first-quarter earnings of $4.31 has moved marginally upward in the past month. Also, the figure indicates a 33% rise from the year-ago reported number. The consensus estimate for revenues is pegged at $604.5 million, suggesting year-over-year growth of 37.6%.Now let’s discuss the factors that are likely to have impacted the company’s quarterly performance:Loans: Lending activity accelerated in the first quarter. Per the Fed’s latest data, there was considerable strength in both commercial and consumer lending, including credit cards, commercial and industrial loans, and residential and commercial real estate loans, in January and February.In 2021, the bank onboarded eight private client banking teams — two in New York, four on the West Coast, a corporate mortgage finance team and Small Business Administration (SBA) origination team.Hence, even though the first quarter is usually a seasonally-lighted quarter for SBNY’s lending business, such past efforts are expected to have driven loan growth in the SBA lending, mortgage warehouse, commercial real estate and fund banking businesses in the quarter.Going by management’s guidance, first-quarter non-multifamily commercial real estate loans are expected to grow $250-$750 million.Net Interest Income (NII): Management expects loan and investment security balances to increase $3-$7 billion in the first quarter of 2022. This is anticipated to have driven interest income in first-quarter 2022, in turn, driving the average interest-earning asset balance.Moreover, the low-cost funding source, non-interest-bearing deposits, representing 41.8% of total deposits (as of Dec 31, 2021), is expected to have reduced interest expenses and alleviated pressure on NII in the first quarter. Hence, average interest-earning assets and robust average deposit and loan growth are likely to have contributed to NII growth in the first quarter.The consensus estimate for NII before provision for credit losses is pegged at $573 million, suggesting 6.9% sequential growth.Non-Interest Revenues: Supported by continued growth of its business, West Coast expansion and digital deposit initiative, commissions are expected to have increased. The consensus mark for the same is pegged at $4.1 million, indicating a marginal sequential increase.Business expansion and deposit growth are likely to drive fees and service charges. The Zacks Consensus Estimate for the same is pegged at $23.3 million, suggesting an 8.2% increase from the prior quarter’s reported figure.Overall, the Zacks Consensus Estimate for non-interest income is pegged at $34.8 million, suggesting a 4.1% increase from the prior quarter’s reported figure. Management expects first-quarter fee income to increase 10% year over year.Expenses: Signature Bank’s costs are expected to have continued to flare up in the quarter under review, given the investments in technology and digitalization efforts. As the company has been continuing to expand, the hiring of private client banking teams and operational support to meet the bank’s needs are expected to have increased salary expenses.Additionally, the rising inflation is anticipated to have led to elevated non-interest expenses in the quarter to be reported. Such an increase is likely to have hindered bottom-line growth in the first quarter.Earnings WhispersOur proven model does not predict an earnings beat for SBNY this time around. This is because the company does not have the right combination of two key ingredients — a positive Earnings ESP and Zacks Rank #3 (Hold) or higher — for increasing the odds of an earnings beat this time around.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Earnings ESP: The Earnings ESP for Signature Bank is -1.59%.Zacks Rank: The company currently carries a Zacks Rank of 3.Stocks That Warrant a LookA couple of finance stocks that you may want to consider, as these have the right combination of elements to post an earnings beat in their upcoming releases per our model, are Commerce Bancshares, Inc. CBSH and Associated Banc-Corp ASB.The Earnings ESP for Commerce Bancshares is +2.33% and it carries a Zacks Rank #2 (Buy) at present.CBSH is scheduled to report quarterly numbers on Apr 19.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Associated BancCorp is slated to report quarterly earnings on Apr 21.ASB, which sports a Zacks Rank of 1 at present, has an Earnings ESP of +0.81%.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commerce Bancshares, Inc. (CBSH): Free Stock Analysis Report Signature Bank (SBNY): Free Stock Analysis Report Associated BancCorp (ASB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksApr 13th, 2022

65 thoughtful gifts for Mom, from a personalized photo calendar to a customizable pendant necklace

If you're looking for a thoughtful gift for Mom, we've put together a list for all budgets that has plenty of things she's sure to love. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Getty Images Show Mom your appreciation with any of these 65 thoughtful gifts. From loungewear to jewelry to tech gadgets, there's a gift for all tastes and budgets. Still looking for a gift? Check out our list of the All-Time Best products we've ever tested. Although mothers may be challenging to shop for — humbly resigning to the phrase "you don't have to get me anything" — we can safely say she'll love any of the gifts in this guide. This list can help you find what you're looking for or, at the very least, spark some inspiration. Whether she's into the latest and greatest tech, loves to read, or wants to update her work-from-home wardrobe with comfortable loungewear, there's a unique gift for Mom, below.See all our gift ideas below, or use these links to jump to products that suit your mother's particular gift needs.Home gifts for MomFashion gifts for MomBeauty gifts for MomTech gifts for MomFood gifts for MomWellness gifts for MomHere are 65 of the best gifts for Mom:This list includes a Sponsored Product that has been suggested by Leesa. It also meets our editorial criteria in terms of quality and value.*Home gifts for MomA cocktail maker that mixes drinks in secondsBartesianBartesian Premium Cocktail and Margarita Machine, available at Amazon, $349.85Summer's here, which, for some moms, means it's time to break out refreshing cocktails. This cocktail maker will make Mom's life a whole lot easier, since all she has to do is pop in a cocktail capsule, choose her preferred strength, and press mix. She'll be sipping a margarita, cosmopolitan, or gin martini in seconds.Read our full review of the Bartesian Premium Cocktail and Margarita Machine here.  An incredibly comfortable mattressLeesaLeesa Hybrid Mattress, available at Leesa, starting at $1,614 (Queen)The Leesa Hybrid is one of our favorite mattresses because of its comfortable memory foam and motion transfer. It's soft, breathable, and supportive, so we're confident that Mom would love it, too. Read our review of the Leesa Hybrid here.*Sponsored by LeesaA digital picture frame for remembering the good timesAuraCarver Digital Picture Frame, available at Aura, $169It's hard to find a mom who isn't obsessed with taking photos and displaying them all around the house. But instead of buying tons of picture frames, she can show off all her family photos using this digital picture frame. You can upload an unlimited amount of pictures to the Aura app, connect the frame to Wi-Fi, and she's all set. Read our full review of Aura here.A personalized photo calendar for her deskArtifact UprisingWalnut Desktop Photo Calendar, available at Artifact Uprising, starting at $35A desk calendar can add a decorative touch to her desk, but one that displays photos of her and her family makes for an even better gift for mom. She'll love glancing at her calendar and being reminded of her favorite memories with you.A fancy candle setOtherland/Alyssa Powell/InsiderOtherland Candles The Threesome, available at Otherland, $89Candles make any home smell great, and this fancy candle set from Otherland will look gorgeous in any room in her house. It includes three coconut and soy wax blend candles in beautiful glass vessels. Each candle burns for 55 hours — that's a lot of time that your mom can spend enjoying this gift. We named candles by Otherland one of the All-Time Best products we've tested.Read our full review of Otherland candles here.A coffee table book for the mom who loves photographyAmazon"Women: The National Geographic Image Collection", available at Amazon, $27.05You can't go wrong with a coffee table book gift for Mom, and this one is a true standout. The photography is sure to be top-notch, since National Geographic created this book. Moms often serve as constant sources of inspiration, so why not pass along this book of powerful women to your mom.Soft, crisp sheets and beddingBrooklinenBrooklinen Queen Classic Hardcore Sheet Bundle, available at Brooklinen, starting at $198Brooklinen Queen Luxe Hardcore Sheet Bundle, available at Brooklinen, starting at $240Brooklinen's luxe sheets are the ones we always recommend to friends, family, and readers, for their affordable price, sophisticated look, and comfort.The Hardcore Sheet Bundles have everything she needs to completely makeover her bed — and stay nice and cozy all year long. Each bundle includes a flat sheet, fitted sheet, duvet cover, and four pillowcases. Brooklinen also sells comforters, pillows, candles, and blankets. This is another item that features in our list of the All-Time Best products we've tested.Read our full review of Brooklinen sheets here.A custom map posterGrafomap InstagramGrafomap Custom Map Poster, available at Grafomap, starting at $49Grafomap is a website that lets you design map posters of any place in the world. You can make one of your mom's hometown, her college town, her favorite travel destination, or the place where she got engaged or married — you're only limited by your imagination.Read our full review of the Grafomap Custom Map Poster here.A cute potted plant instead of flowersThe SillShop The Sill's selection of plants starting at $14The Sill is a relatively new startup that's making the process of choosing and buying house plants much easier. This gift set is just one of many options you can choose from — you can even shop based on which plants are pet-safe. Read our full review of The Sill here.A Le Creuset Dutch ovenAmazonLe Creuset Round Dutch Oven, available at Williams-Sonoma, starting at $230At $160, this Le Creuset Dutch oven is the most expensive piece of cookware in my kitchen, but it is also my most used. It comes in tons of colors, so you can choose Mom's favorite. We've even ranked it as the best overall in our guide to the best Dutch ovens. It's one of the best products we've ever tested.Read our full review of the Le Creuset Round Dutch Oven here.A hardcover photo book for any mother figureArtifact UprisingHardcover Photo Book, available at Artifact Uprising, starting at $72Honor any mother figure with a custom hardcover photo album that commemorates their best life moments. You can tie in her life story with a display-worthy dust jacket that puts her front and center. Choose from 11 fabric binding colors to complement her bookshelf or coffee table.A cutting board in the shape of the state she calls homeAmazonTotally Bamboo State Cutting & Serving Board, available at Amazon, $29.99Available for all 50 states as well British Columbia, Puerto Rico, Long Island, and Ontario, this uniquely shaped cutting and serving board doubles as kitchen decor. It's a great gift for the mom who loves spending time in the kitchen. A weighted blanket to help her sleep betterBearabyBearaby 15-pound Cotton Napper, available at Bearaby, $249Made of soft organic cotton just like her favorite T-shirt, this weighted blanket can help her fall asleep faster and its buttery softness is perfect for wrapping up in. We ranked it as the best weighted throw blanket in our guide to the best weighted blankets. A sous vide for making tender, perfectly cooked meatAmazonAnova Nano Sous Vide Bluetooth Precision Cooker, available at Amazon and Target, from $99The Anova sous vide is a reasonably priced investment that just might change Mom's life for the better. Not only will it boil and poach eggs with ease, but it'll also produce tender, perfectly cooked meat every time. You can hear more about why we love this product in our guide to the best sous vide machines. An alarm clock that uses light to wake her up gentlyAmazonPhilips Light Alarm Clock, available at Amazon, $99.99Moms work hard and they often have to wake up early. Just because she has to wake up before the sun rises that doesn't mean she has to awaken to the blaring of an obnoxious alarm clock.Philips makes a lovely alarm clock that gradually lights up to mimic the sunrise and wake her up naturally. The light alarm clock also displays the time and has customizable sounds so she can wake up feeling rested and ready for the day. You can find out why we recommend this alarm clock in our guide to the best sunrise alarm clocks. Read our full review of the Philips Wake-Up Light.An indoor herb garden that requires zero effortClick & GrowClick & Grow Smart Garden 3 Indoor Gardening Kit, available at Click & Grow, $139.95Every chef knows that cooking with fresh ingredients like basil can make a big difference. The Click & Grow Smart Garden is a self-watering system that allows even the most amateur gardeners to quickly and effortlessly grow herbs and vegetables. We tried it and were impressed with how well it worked, and the truly effortless process. Read our full review of the Click & Grow Smart Garden 3 Indoor Gardening Kit here.A retro-inspired electric kettleNordstromSMEG 50's Retro Style 7-Cup Electric Kettle, available at Williams-Sonoma, starting at $169.95With this retro-inspired electric kettle in her kitchen, she'll spend much less time making tea and more time enjoying a cup. It comes in 10 fun colors, like pastel green, pastel blue, and bright red. You can learn more about this kettle in our guide to the best electric kettles. Fashion gifts for MomA recycled fleece to stay warmGirlfriend CollectiveTeddy Recycled Half-Zip Fleece, available at Girlfriend Collective, $109Moms love effortless comfort and this super soft fleece delivers just that for her. Not only will she enjoy the warmth, but she'll feel good knowing she's helping the environment with this recycled pullover.A gold square watch to keep track of timeNordstromMVMT Signature Square Bracelet Watch, available at Nordstrom, $128For the mom who's always running late, this elegant square watch bares a minimalist and luxurious design that elevates any look. The gold watch is so impossible to miss that she'll now be on time to every occasion with it as a reminder.A lovely silk scarf for any outfitNordstromPaisley Square scarf, available at Nordstrom, $49.99You can't go wrong with a silk scarf if her style embraces a refined, ladylike taste. The elegant floral print adds gorgeous detail to an outfit that gives it a more polished and soft feminine appearance.A jewelry cleaner for all of her precious piecesMagnasonicMagnasonic Professional Ultrasonic Jewelry Cleaner, available at Amazon, $39.99Your mom's soft spot might be jewelry, but taking care of each piece is a must. This jewelry cleaner removes dirt and grime in minutes using water only. She'll appreciate this little machine that will take great care of her jewelry. A passport cover and luggage tagLeatherologyDeluxe Passport Cover + Luggage Tag Set, available at Leatherology, starting at $85 + monogram $20Mom might be planning her next trip out of town, and what better travel accessory to have than a personalized passport cover and luggage tag? She'll be less likely to lose her passport or suitcase thanks to these colorful accessories that also sport her initials. A chic purse that can turn into a backpackSenreveAlunna, available at Senreve, starting at $645A purse is an obvious gift for Mom if she has an eye for handbags. You can mix things up by giving her one that's both a purse and a backpack. The Alunna by Senreve is versatile and stylish, and it can be worn on her back, hand, over the shoulder, or across her body. Plus, it can organize all of Mom's essentials with its two interior pockets and exterior cardholder.A pair of sunglasses to block the sun in styleGlassesUSACheck out GlassesUSA's selection of sunglasses, starting at $29Sunglasses are spring and summer essentials and a perfect gift for Mom. GlassesUSA carries a wide variety of popular brands, including Ray-Ban, Oakley, Muse, Prada, and more. Through June 15, get 30% off your entire order for sunglasses and eyeglasses with free Rx lenses and shipping, if you enter code USA30 at checkout. Also through June 15, use code DEAL60 to save 60% off frames for sunglasses and eyeglasses with free Rx lenses and shipping. Read our full review of GlassesUSA here.A leather wallet that can be monogrammed with her initialsLeatherologyKlyde Continental Wallet, available at Leatherology (+ $10 for monogram), $120A sophisticated leather wallet instantly elevates a busy woman's everyday style and keeps her organized when she's constantly moving from place to place. You can get this leather wallet from Leatherology in 11 colors and three different personalization options. A luxurious bathrobeParachuteParachute Classic Bathrobe, available at Parachute, $99A plush bathrobe will make every shower feel like a trip to the spa. Parachute's soft Turkish cotton robe comes in four great colors: white, mineral, blush, and stone. This cozy gift for Mom will become her go-to pick. Read our full review of the Parachute Classic Bathrobe here.Luxe slippers with a cozy cashmere blendMargauxSlippers, available at Margaux, $158Made from a soft wool-cashmere blend and cushiony foam padding, Margaux slippers feel like stepping into a cloud. She'll enjoy wearing any of the three styles — Slide, Ballet, or Cozy — around the house.The gift of comfortable loungewearTommy JohnShop all women's loungewear and sleepwear, available at Tommy JohnTommy John E-Gift Card, available at Tommy John, starting at $25The Insider Reviews team is positively smitten with Tommy John's loungewear and underwear — so much so, we named the latter one of the best women's underwear brands in our buying guide, so you can be sure Mom will love it too.Alexa-enabled glassesAmazonEcho Frames Smart Glasses, available at Amazon, $154.99If your mom loves tech, she'll think these smart glasses are from the future. Amazon's Echo Frames allow for open-ear audio, hands-free calling, and access to thousands of Alexa's skills.Read our full review of the Amazon Echo Frames.A roomy work bag with tons of pocketsDagne DoverDagne Dover Allyn Tote, available at Dagne Dover, from $239Dagne Dover's Allyn Tote is a sophisticated and spacious work bag with a padded laptop sleeve, water bottle holder, and other thoughtful interior pockets that will keep her organized and always ready to go. A jewelry holderCatbirdCatbird Swan Ring Holder, available at Catbird, $32This ornate swan is a subtle jewelry holder that'll dress up any bathroom countertop or nightstand.Pearl hoop earringsMejuriMejuri Pearl Hoops, available at Mejuri, $65Get your mom a beautiful pair of earrings or a necklace with her zodiac sign that she can wear every day. Mejuri is a favorite jewelry startup of ours, so your Mom will likely enjoy this Canadian company's delicate jewelry, too.Read our full review of Mejuri here.A personalized T-shirtKnown SupplyKnown Supply Personalized Women's Fitted Crew, available at Known Supply, $32You can personalize this comfortable Pima cotton tee with "mom" or "mama" — or any other name that's under nine characters — in cute, loopy cursive. A crossbody bag with a hand-painted monogramClaire V.Claire V. Midi Sac, avaliable at Claire V., starting at $335 (+ $50 for hand-painted monogram)This leather crossbody bag comes in tons of colors and is great for travel and daytime outings — for an extra $50, you can customize it with a gold foil or hand-painted monogram. Popular leggings with a no-slip fitVuoriDaily Legging, available at Vuori, $84Vuori is well-known for its super-soft fabrics and flattering cuts, and the Daily Leggings are just another example. This style looks like a pair of joggers but fits like a pair of leggings. The high waistband and drawstring allow for a snug feel while the brand's smoothing technology gives an airbrushed appearance.Read more about the Daily Legging here.A pendant necklaceSet & StonesSet & Stones Cheyenne Mama Necklace, available at Nordstrom, $198Your mom will want to keep this pendant necklace very close to her heart. It'll sit lightly around her neck and be a subtle reminder of her special bond with you. Beauty gifts for MomA luxurious facial treatment deviceZIIPZIIP GX Series, available at ZIIP Beauty, $495Switch up her facial appointments with the ZIIP experience that beautifully improves your skin beyond your imagination with every use. The ZIIP devices employ energy from tiny electrical currents with a conductive gel to sculpt and tighten the skin for a radiant glow. A floral fragrance with a pear and white freesia scentJo MaloneEnglish Pear & Freesia Cologne, available at Jo Malone, $144If she prefers a light yet luscious fragrance, this Jo Malone perfume makes for a lovely layer. This floral perfume accentuates her style with a smell of autumn from the freshness of the pear and freesias along with the subtle woodsy scents.A face mask set for at-home spa daysfreshMini Loves Mini Masks Set, available at fresh, $56Moms need time to themselves, too, and these face mask minis will have her and her skin feeling rejuvenated. She can kick back and relax with one of the black tea masks, the clay mask, the rose mask, or even the sugar exfoliator.The weighted sleep mask that's the ticket to instant sleepAnthropologieNodpod Weighted Eye Mask, available at Anthropologie, $23.80Move over, weighted blankets. These eye masks have gentle weights with just the right amount of pressure to lull her to sleep. The four equally weighted pods let her rest easy no matter her sleep position. Custom haircare products that cater to her hair goalsFunction of Beauty/InstagramPersonalized 8 oz. Shampoo and Conditioner Set, available at Function of Beauty, $29.99Function of Beauty revolutionizes haircare by creating a custom line of shampoo and conditioner that's based on her hair type and goals. She can choose the formula's color and fragrance as well as add personalized details like her name on the bottle.Read our full review of Function of Beauty here.Tech Gifts for MomA voice-assisted remote for all her streaming needsAmazonFire TV Stick with Alexa Voice Remote, available at Amazon, $24.99She can access hundreds of streaming services, including Hulu, Netflix, Disney Plus, HBO Max, and more, with this affordable entertainment hub. Plus, Amazon Prime members get unlimited access to thousands of movies and TV episodes with Amazon Prime Video. This model supports up to 4K Ultra HD. You can read more in our guide to the best streaming devices.The Amazon EchoAmazonAmazon Echo (4th Generation), available at Amazon, $54.99There's an ever-so-slight learning curve in figuring out what Amazon's Alexa can and can't do, but once that's passed, the Echo can forecast the weather, read an audiobook, order a pizza, tell jokes, or any number of things moms should find charming. Read our full review of the Amazon Echo (4th Generation) here.A waterproof Kindle PaperwhiteAmazonAmazon Kindle Paperwhite, available at Amazon, $129.99On the other hand, if she's tired of lugging around heavy hardcovers, the Kindle Paperwhite is an extremely thoughtful and practical gift for Mom. The latest version is waterproof, too, which is a huge bonus.Read our full review of the Amazon Kindle Paperwhite here.A heated massager to melt the day awayAmazonInvoSpa Shiatsu Back, Neck, and Shoulder Massager, available at Amazon, $49.97After a long day, all she wants is some true relaxation to melt away the tension that's built up. While she can't get a real massage every day, you can give her this at-home shiatsu massager, which can give her a quality massage for much less.Read our full review of the InvoSpa Shiatsu Back, Neck, and Shoulder Massager here.A personalized video message from her favorite celebrityCameoPersonalized video message, available at Cameo, starting at $1When trying to think of a unique gift for Mom, one that might not immediately come to mind is Cameo. The online service has tons of famous people she might want a personalized video message from, like her favorite actor from "The Office" or most-loved musician. Whether it's for her birthday, Mother's Day, or a different milestone, there's something for everyone on Cameo, with all types of categories and price points to choose from.Read more about Cameo and how to use Cameo. Food gifts for MomA tasty baking cookbookAmazonDessert Person cookbook, available at Amazon, $22.24For the mom who adores baking, this dessert cookbook has plenty of baking recipes to satisfy the family's sweet tooth.  This cookbook offers recipes and guidance on how to bake sweet and savory treats whether it's a caramelized honey pumpkin pie or English muffins.  A delicious treat from Milk BarMilk Bar/Alyssa Powell/InsiderCheck out all the goodies in Milk Bar's Gift Shop starting at $39Milk Bar's treats will definitely satisfy her sweet tooth. Choose from a limited-edition Strawberry Shortcake Cake, the bestselling B'Day Truffles, and plenty more. We break down how to shop for Milk Bar online, here. Milk bar cakes topped our list of the All-Time Best things we've tested. Read our full review of Milk Bar.A wooden gift crate with 2 pounds of cheese insideMurray's CheeseMurray's Cheese Greatest Hits Gift Box, available at Murray's Cheese, $95Cheese lovers will find a lot to like in this wooden gift crate (yes, crate) from Murray's Cheese, which includes 2 pounds of English cheddar, brie, cave-aged Gruyere, and one-year-aged Manchego along with snacks to pair with each cheese: spiced cherry preserves, sea salt and olive oil crackers, and Marcona almonds. It's a mouthwatering gift for Mom that'll surely satisfy her cheese cravings. For more of the best from Murray's Cheese, check out our guide to the best cheeses you can buy online.Read our review of Murray's Cheese gift boxes.A cookbook for 'Girl Meets Farm' fansAmazon"Molly on the Range: Recipes and Stories from An Unlikely Life on a Farm" by Molly Yeh, available at Amazon, $19.54Not only does this cookbook contain more than 120 delicious recipes, you'll also find tons of personal stories and beautiful photos of Food Network star and award-winning blogger Molly Yeh and her family.A gift subscription to a popular coffee clubAtlas Coffee ClubAtlas Coffee Club 3-Month Gift Subscription, available at Atlas Coffee Club, $60If her veins run dark roast, a coffee gift won't go unused. We recommend a gift subscription to the Atlas Coffee Club, which curates a global selection of single-origin coffee that gets freshly roasted and shipped to your house from $9 per bag. Read our full review of the Atlas Coffee Club Subscription here.Wellness gifts for MomA water bottle that solves all pain pointsHydro Flask/Alyssa Powell/InsiderHydro Flask Wide Mouth Watter Bottle (32 oz), available at Hydro Flask, from $32.93Hydo Flask's products have a cult following for a number of reasons: The double-walled vacuum seal keeps hot drinks hot and cold drinks cold for hours on end, many products come with a lifetime warranty, and the bright colors add a bit of fun to something that's otherwise thought of as ordinary. You can hear more about why we love this water bottle, in our guide to the best travel mugs. Hydro Flask water bottles are one of the All-Time Best products we've ever tested.* Free shipping on all orders with code INSIDER at checkout. Code expires 1/31/22.A year-long MasterClass membership to learn new thingsMasterClassAnnual Membership, available at MasterClass, $180/yearMasterClass, unlike many competitors, follows a format that feels like a one-sided conversation with your favorite icons rather than a traditional academic setting. It's interesting — and you can go as deep (into reading materials) or shallow (listening to their insight while running errands) as you like to. An Unlimited Membership will give them access to all the site's classes for the year.The site hosts classes taught by well-known celebrities and industry leaders — from Neil deGrasse Tyson teaching Scientific Thinking and Communication to Malcolm Gladwell on Writing, Shonda Rhimes on Writing for Television, and Bob Iger on Business Strategy and Leadership.Read our full review of MasterClass here.A DNA test kit23andme23andMe Health + Ancestry DNA Test, available at 23andMe, $129This genetic test kit from 23andMe is a unique and cool gift idea for any mom who's interested in learning more about her family history.A 'book of the month' membershipBook of the MonthBook of the Month Monthly Membership, available at Book of the Month, $49.99If she loves to read and isn't ready to go 100% digital, a Book of the Month membership is the perfect gift. This gift membership gets Mom her pick of the best new books for $12.50 to $15 a month depending on the length of subscription you choose to give her (three, six, or 12 months). She can also request extra books if she reads more than one book a month. Barack Obama's bestselling bookJamie McCarthy/Getty Images"A Promised Land" by Barack Obama on Kindle, available at Amazon, $17.99If Mom likes to read, Barack Obama's bestselling book 'A Promised Land' is probably on her reading list. Instead of risking having a hard copy arrive late, you can gift her the Kindle version. A daily planner for the busy momAmazonPanda Planner Daily Planner 2021, available at Amazon. $19.97 Even the most organized mom could use the help of a trusty planner. This one from Panda Planner has monthly, weekly, and daily sections for all of her needs. She'll have her schedule, tasks, goals, and projects all in one place. We like the layout of this planner so much that we include it in our guide to the best planners.A yoga mat for the fitness enthusiastMandukaProLite Yoga Mat, available at Manduka, $99For the mom who doubles as a yogi, this mat has just the right amount of padding, is made of eco-friendly materials, and has a no-slip grip texture. It has even earned the title of best yoga mat overall in our guide to the best yoga mats.A fresh flower bouquetUrban StemsUrbanStems bouquets, available at UrbanStems, $40 and upWe've ordered bouquets from UrbanStems and it offers gorgeous flower arrangements, potted plants, and even dried bouquets, and they're delivered quickly, too. A bouquet of flowers is a classic gift for Mom that she'll love on any given day. Its bouquets are one of the best things we've ever tested.Read our full review of UrbanStems.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderDec 23rd, 2021

United Rentals (URI) Moves 3.6% Higher: Will This Strength Last?

United Rentals (URI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. United Rentals (URI) shares soared 3.6% in the last trading session to close at $344.89. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.1% loss over the past four weeks.United Rentals has been riding high on higher rental revenues, fleet productivity and absorptions. The company has raised 2021 guidance, which exhibits broad-based growth across its verticals, with persistent growth opportunities for certain non-residential verticals including datacenter, healthcare and warehouse projects.This equipment rental company is expected to post quarterly earnings of $6.97 per share in its upcoming report, which represents a year-over-year change of +38.3%. Revenues are expected to be $2.77 billion, up 21.4% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For United Rentals, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on URI going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Rentals, Inc. (URI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 7th, 2021

The 5 best cookware sets in 2021

Every home chef should have a high-quality set of pots and pans. These are the best cookware sets of 2021. Prices are accurate at the time of publication.All-Clad; Tramontina; Amazon; Alyssa Powell/Insider Cookware sets are an efficient way to equip your kitchen with all the basics. We evaluated the pros and cons of each set so you can find one that suits your needs and budget. The best cookware set overall is the Tramontina Tri-Ply Stainless Steel Set because its pieces are practical and durable. Purchasing a cookware set can be overwhelming, no matter how confident you are in the kitchen. The variety of materials and different combinations of pots and pans can seem endless. That's why we turned to the experts, who all agreed that less is more when it comes to cookware. Based on our own experience and conversations with chefs, food editors, and leaders of the Cookware Manufacturers Association, we came up with the following as a basic outline for an ideal cookware set.The key pans you need in a cookware setType of panPurpose10-inch skilletMaking eggs, pancakes, fried rice12-inch sauté panLarger recipes with more liquids, sautéing vegetables and meats5-quart Dutch ovenBraising, roasting, slow cooking, stews and soups3-quart saucepanSmall portions of pasta or rice, saucesNot every set in this guide includes a Dutch oven, but a casserole dish or stockpot can serve the same purpose. Here are the best cookware sets of 2021Best cookware set overall: Tramontina 12-Piece Tri-Ply Clad Stainless Steel SetBest budget cookware set: T-fal All-in-One Hard-Anodized Cookware Set Best cookware set upgrade: All-Clad D3 Stainless Steel Cookware SetBest ceramic cookware set: Caraway Ceramic Coated SetBest copper cookware set: Williams Sonoma Thermo-Clad Copper SetBest cookware set overallTramontinaThe Tramontina set stocks your kitchen without cluttering it, and features useful pieces in a durable material.Pieces: 10- and 12-inch fry pans, 6-quart covered deep sauté pan, 1.5- and 3-quart covered saucepans, 5-quart covered Dutch oven, and 8-quart covered stock potDishwasher safe: YesOven safe temperature: 500Induction safe: YesPFOA free: YesPros: Includes essential pieces, tri-ply construction for durability Cons: Oven safe temperature on the low endWhen we asked King Phojanakong, chef at the Institute of Culinary Education, which pots and pans were kitchen must-haves, he listed a 5-quart Dutch oven, 12-inch saute pan, and 3-quart saucepan, all of which happen to be included in Tramontina's cookware set. The versatility of these pieces is the selling point: Phojanakong uses the saute pan for chicken dishes or baby bok choy, and takes out the 3-quart saucepan when he needs to heat up leftover soups and sauces and cook rice or small portions of pasta. Not only is the Tramontina set's practical range of sizes — with cookware scaled for both individual meals and large gatherings — one of its major assets, so is its durable construction. "Stainless steel is the most universal material. You don't have to treat it gently," said Lisa Chernick, author of Your Starter Kitchen. Each piece is made up of an aluminum core sandwiched between external 18/10 stainless steel layers. This tri-ply construction gives you the excellent heat conductivity of aluminum with the strength of stainless steel. While the set is dishwasher safe, hand washing your cookware will maintain its shine longer. You can purchase the individual components separately, though the set offers the best deal. There are also smaller and larger sets, but the 12-piece has all the essentials and no unnecessary extras.$259.99 FROM WALMARTBest budget cookware setAmazonIf you need to stock your kitchen quickly and on a budget, the T-fal Hard-Anodized Set is easy to maintain, scratch resistant, and comes with three serving utensils.Pieces: 11- and 12-inch fry pans, 10-inch deep saute pan, 1-quart stewpot, 2-quart covered stewpot with fridge lid, 4.2-quart covered stewpot, three utensils Dishwasher safe: YesOven safe temperature: 400 degrees, lids to 350Induction safe: NoPFOA free: YesPros: Dishwasher safe, large frying pans, stewpot can act as dutch ovenCons: No pot larger than 4 quarts, saute pan does not have a lidThe exteriors of all the pots and pans in T-fal's cookware set are hard-anodized aluminum, a material resistant to scratches from metal utensils, while the interiors are glazed with nonstick coating and then reinforced with titanium, which is commonly used as a strengthening layer. This durability (plus the low price point) is part of the reason why we named this set by T-Fal the best budget pick in our guide to the best hard-anodized cookware. Insider reporter James Brains has used a similar T-fal set since 2018. He said that the pieces have held up well through daily use, though he recommends hand washing the fry pans to preserve the nonstick coating.The largest pot in this 12-piece collection is only four quarts, but if you're not hosting a party, that should be big enough for pasta night. Plus, the set includes a serving spoon, spatula, and a slotted spatula, so you'll be ready to dole out dinner. And if you have leftovers, the 2-quart pot comes with a refrigerator lid so you can store them.Ring-shaped thermo spot indicators turn red when the pans get hot, which can take some of the guesswork out of properly preheating — especially for less experienced cooks. Once you're done, these stackable pieces nest easily into one another.$119.99 FROM AMAZONBest cookware set upgradeAll-CladIf you splurge on an All-Clad Stainless Steel set, your kitchen will be stocked with essential pieces that stand the test of time.Pieces: 8- and 10-inch fry pans, 2-quart covered saucepan, 3-quart covered casserole dish, 3-quart covered sauté pan, and 8-quart stockpot with lidDishwasher safe: NoOven safe temperature: 600 degreesInduction safe: YesPFOA free: YesPros: High oven safe temperature, thick gauge aluminum coreCons: Fry pans on the small side, not dishwasher safeOur best overall pick, which is also stainless steel, is less expensive and offers much of the same benefits as this All-Clad set. However, the longevity and durability of the All-Clad D3 line may make it worth spending the extra money, depending on your cooking needs. The All-Clad D3 cookware set has the highest oven safe temperature in this guide: 600 degrees. The ability to withstand such high heat also improves the performance of the casserole dish or stock pot as a substitute Dutch oven. And as Chernick mentioned, more experienced cooks may want to brown something on the stovetop and then put it in the oven. We should note that while these All-Clad pots and pans hold up in the oven, you're better off hand-washing them than putting them in the dishwasher, which is something to consider if keeping cleanup time to a minimum is important.$699.95 FROM CRATE & BARREL$699.95 FROM WILLIAMS SONOMABest ceramic cookware setCaraway HomeThe Caraway Ceramic Coated Set is an eco-friendly alternative to traditional nonstick pots and pans — and it's available in six attractive colors.Pieces: 10.5-inch fry pan, 3-quart saucepan with lid, 4.5-quart saute pan, 6.5-quart Dutch ovenDishwasher safe: YesOven safe temperature: 550 degreesInduction safe: YesPFOA free: YesPros: Includes storage system, aluminum core for rapid heatingCons: No larger fry pan, ceramic coating isn't as durable as stainless or other metalsThough this set is on the smaller side, Caraway's set has everything you need to get cooking. The 6.5-quart Dutch oven can be your pasta pot or serving dish for large meals, and the 4.5-quart saute pan is perfect for large fry ups. Additionally, the set comes with a storage system: magnetic pan racks and a canvas lid holder. Caraway's signature is its ceramic nonstick coating. Ceramic coatings offer the same nonstick properties as traditional ones, but contain no trace elements of PFOA, PFTE, lead, or cadmium. Caraway cookware has an aluminum core that ensures rapid and even heating, while the coating decreases your need for oil and makes the surface easier to clean.The Caraway Home set is shipped in recycled cardboard with no plastic bags. Plus, the ceramic coating releases less CO2 when manufactured than traditional nonstick coatings.  (Though keep in mind that all nonstick coatings, including ceramic, are less durable than stainless steel and other metals.) Altogether, this set is designed to limit clutter and keep your kitchen functional as well as well-stocked.$395.00 FROM CARAWAY HOMEOriginally $495.00 | Save 20%Best copper cookware setWilliams Sonoma; InsiderThe Williams Sonoma Thermo-Clad Copper Set is a great intro to copper set, offering the heating abilities of copper and the accessibility of stainless steel.Pieces: 10- and 12-inch skillets, 1.5- and 4-quart covered saucepans, 4.5-quart covered sauté pan, 8-quart covered stockpot with lidDishwasher safe: YesOven safe temperature: 450 degrees Induction safe: YesPFOA free: YesPros: Double-wall insulated lids, nonreactive interior Cons: Not the thickest gauge copper, stainless steel lining limits some of the diffusivityCopper provides the most efficient and even heating of any cookware metal. Since copper is a reactive metal, most cookware is lined with a nonreactive interior like tin or stainless steel. The Williams Sonoma Thermo-Clad Copper Set has a stainless steel interior, so you can worry less about cooking acidic foods. This set includes all the pieces we think are necessary for a well-stocked kitchen and the 1.2 mm copper exterior is striking enough to display when you're not cooking. The Thermo-Clad cookware is oven safe to 450 degrees, but you should never heat up an empty copper pan. For more guidance on how to take care of your copper pots and pans, check out our guide to copper cookware.  $1199.95 FROM WILLIAMS SONOMAOur cookware research methodologyLily AligWhile we haven't yet tested the sets in this guide firsthand, our picks are based off of extensive research and expert interviews. Here are the factors we considered when putting together this guide:Pieces: The first thing we did was establish a list of essential pieces all cookware sets should have. Our three experts agreed that quality is more important than quantity when it comes to cookware. Chernick, Battiliana, and Phojanakong each suggested a pared down list of essential pieces. With this input and our own experience in the kitchen, we created the guidelines found at the top of the page.Materials: We identified the pros and cons of different cookware materials, which you can see here. Chernick recommended stainless steel for cookware sets because it can handle the wear and tear of a busy kitchen, and we agree. Stainless steel is durable, doesn't require special maintenance, and cooks most things well. Construction: We considered the construction of each cookware set. Besides cast iron, most cookware is made by layering different metals. This can increase the heat conductivity of less conductive metals; for instance, stainless steel pans often have aluminum cores because aluminum heats up much quicker. Additionally, having multiple layers makes the cookware more durable. Battiliana said there is a connection between performance and quality, as thinner metal pans will wear out faster than better constructed pans.What is the best cookware material?Based on our own cookware experience and conversations with experts, these are the differences between the most common cookware materials.Cookware materials comparedMaterialCompositionPros and ConsBest forCast ironSeasoned: Oil baked into cast iron over time prevents food from sticking and the pan from rustingEnameled: Cast iron coated with thick, enamel glaze to prevent food sticking and eliminate the need to season the panPros: Great heat retention, durableCons: Slow to heat up, requires special maintenanceSearing, slow cooking, if you want a piece to pass downAluminumHard-anodized: Aluminum that is electrochemically altered to be more durable and nonstick.Pros: Great heat conductivity, inexpensiveCons: Not durable when untreated, can warp and scratchCasual cooks, inexpensive pieces like sheet pansCopperCore: Copper layer sandwiched between layers of other materialsBase: thin copper ring embedded in the bottom of the cookwareClad: Copper foil exteriorPros: Excellent heat conductivityCons: Reactive with acidic foods, needs to be lined and maintained, expensiveRapid and even heating, experienced chefsStainless steelTri-ply: Stainless steel interior and exterior with a core made from a material with better heat conductivity, often aluminumPros: Non-reactive, durable, scratch resistantCons: Slow to heat up, can be expensiveEveryday chefs, cookware to last through a lot of useCookware FAQsWhen should I get rid of a pot or pan?If the handles start to wiggle, you need to tighten them or throw out the piece. Chef Phojanakong said to look at the rivets and welding on the handles for signs of looseness.  It's not safe if you can't handle your pan with ease. Most nonstick coatings will scratch if you regularly use metal utensils on them. It's up to you whether or not this means you have to throw the pan away. For Chernick, once a nonstick pan is scratched, it's time to say goodbye: "It might not be toxic, but I don't want to eat pieces of Teflon."What makes a cookware set induction safe?Cookware needs to have magnetic properties in order to work on an induction stovetop, according to the Cookware Manufacturer's Association. If the cookware material is not magnetic, a magnetic plate is applied to the base in order to make it induction safe. The manufacturer will clearly label the induction capabilities of the cookware.The best deals on cookware from this guideWhether you love to cook or prefer take-out, you need a few basic cookware pieces. We researched, tested, and spoke with experts to find the best cookware for any home chef. One of our main takeaways is to avoid cluttering your kitchen with unnecessary pieces. It is best to spend a little more on quality rather than quantity.Full cookware sets can be pricey, so deal days like Black Friday and Cyber Monday are a great time to refresh your collection. Look for stainless steel sets on sale — this is one of the most universal and durable materials. With nonstick cookware sets, the number of pieces and original price (therefore the claimed discount) can be inflated by included utensils. Look for sets that only include pots and pans for the most bang for your buck.  Here are the best deals on our favorite cookware sets.There are currently no deals on our recommended cookware. Read more about how the Insider Reviews team evaluates deals and why you should trust us.More great cookware guidesFlickr / sarahThe best hard anodized cookware setsThe best cast iron skillets and pansThe best knife setsRead the original article on Business Insider.....»»

Category: topSource: businessinsiderNov 24th, 2021

The 4 best cookware sets in 2021

Every home chef should have a high-quality set of pots and pans. These are the best cookware sets of 2021. All-Clad; Tramontina; Amazon; Alyssa Powell/Insider Table of Contents: Masthead Sticky Cookware sets are an efficient way to equip your kitchen with all the basics. We evaluated the pros and cons of each set so you can find one that suits your needs and budget. The best cookware set overall is the Tramontina Tri-Ply Stainless Steel Set because its pieces are practical and durable. Purchasing a cookware set can be overwhelming, no matter how confident you are in the kitchen. The variety of materials and different combinations of pots and pans can seem endless. That's why we turned to the experts, who all agreed that less is more when it comes to cookware. Based on our own experience and conversations with chefs, food editors, and leaders of the Cookware Manufacturers Association, we came up with the following as a basic outline for an ideal cookware set.The key pans you need in a cookware setType of panPurpose10-inch skilletMaking eggs, pancakes, fried rice12-inch sauté panLarger recipes with more liquids, sautéing vegetables and meats5-quart Dutch ovenBraising, roasting, slow cooking, stews and soups3-quart saucepanSmall portions of pasta or rice, saucesNot every set in this guide includes a Dutch oven, but a casserole dish or stockpot can serve the same purpose. Here are the best cookware sets of 2021Best cookware set overall: Tramontina 12-Piece Tri-Ply Clad Stainless Steel SetBest budget cookware set: T-fal All-in-One Hard-Anodized Cookware Set Best cookware set upgrade: All-Clad D3 Stainless Steel Cookware SetBest ceramic cookware set: Caraway Ceramic Coated Set Best cookware set overall Tramontina The Tramontina set stocks your kitchen without cluttering it, and features useful pieces in a durable material.Pieces: 10- and 12-inch fry pans, 6-quart covered deep sauté pan, 1.5- and 3-quart covered saucepans, 5-quart covered Dutch oven, and 8-quart covered stock potDishwasher safe: YesOven safe temperature: 350Induction safe: YesPFOA free: YesPros: Includes essential pieces, tri-ply construction for durability Cons: Oven safe temperature on the low endWhen we asked King Phojanakong, chef at the Institute of Culinary Education, which pots and pans were kitchen must-haves, he listed a 5-quart Dutch oven, 12-inch saute pan, and 3-quart saucepan, all of which happen to be included in Tramontina's cookware set. The versatility of these pieces is the selling point: Phojanakong uses the saute pan for chicken dishes or baby bok choy, and takes out the 3-quart saucepan when he needs to heat up leftover soups and sauces and cook rice or small portions of pasta. Not only is the Tramontina set's practical range of sizes — with cookware scaled for both individual meals and large gatherings — one of its major assets, so is its durable construction. "Stainless steel is the most universal material. You don't have to treat it gently," said Lisa Chernick, author of Your Starter Kitchen. Each piece is made up of an aluminum core sandwiched between external 18/10 stainless steel layers. This tri-ply construction gives you the excellent heat conductivity of aluminum with the strength of stainless steel. While the set is dishwasher safe, hand washing your cookware will maintain its shine longer. You can purchase the individual components separately, though the set offers the best deal. There are also smaller and larger sets, but the 12-piece has all the essentials and no unnecessary extras. Best budget cookware set Amazon If you need to stock your kitchen quickly and on a budget, the T-fal Hard-Anodized Set is easy to maintain, scratch resistant, and comes with three serving utensils.Pieces: 11- and 12-inch fry pans, 10-inch deep saute pan, 1-quart stewpot, 2-quart covered stewpot with fridge lid, 4.2-quart covered stewpot, three utensils Dishwasher safe: YesOven safe temperature: 400 degrees, lids to 350Induction safe: NoPFOA free: YesPros: Dishwasher safe, large frying pans, stewpot can act as dutch ovenCons: No pot larger than 4 quarts, saute pan does not have a lidThe exteriors of all the pots and pans in T-fal's cookware set are hard-anodized aluminum, a material resistant to scratches from metal utensils, while the interiors are glazed with nonstick coating and then reinforced with titanium, which is commonly used as a strengthening layer. This durability (plus the low price point) is part of the reason why we named this set by T-Fal the best budget pick in our guide to the best hard-anodized cookware. Insider reporter James Brains has used a similar T-fal set since 2018. He said that the pieces have held up well through daily use, though he recommends hand washing the fry pans to preserve the nonstick coating.The largest pot in this 12-piece collection is only four quarts, but if you're not hosting a party, that should be big enough for pasta night. Plus, the set includes a serving spoon, spatula, and a slotted spatula, so you'll be ready to dole out dinner. And if you have leftovers, the 2-quart pot comes with a refrigerator lid so you can store them.Ring-shaped thermo spot indicators turn red when the pans get hot, which can take some of the guesswork out of properly preheating — especially for less experienced cooks. Once you're done, these stackable pieces nest easily into one another. Best cookware set upgrade All-Clad If you splurge on an All-Clad Stainless Steel set, your kitchen will be stocked with essential pieces that stand the test of time.Pieces: 8- and 10-inch fry pans, 2-quart covered saucepan, 3-quart covered casserole dish, 3-quart covered sauté pan, and 8-quart stockpot with lidDishwasher safe: NoOven safe temperature: 600 degreesInduction safe: YesPFOA free: YesPros: High oven safe temperature, thick gauge aluminum coreCons: Fry pans on the small side, not dishwasher safeOur best overall pick, which is also stainless steel, is less expensive and offers much of the same benefits as this All-Clad set. However, the longevity and durability of the All-Clad D3 line may make it worth spending the extra money, depending on your cooking needs. The All-Clad D3 cookware set has the highest oven safe temperature in this guide: 600 degrees. The ability to withstand such high heat also improves the performance of the casserole dish or stock pot as a substitute Dutch oven. And as Chernick mentioned, more experienced cooks may want to brown something on the stovetop and then put it in the oven. We should note that while these All-Clad pots and pans hold up in the oven, you're better off hand-washing them than putting them in the dishwasher, which is something to consider if keeping cleanup time to a minimum is important. Best ceramic cookware set Caraway Home The Caraway Ceramic Coated Set is an eco-friendly alternative to traditional nonstick pots and pans — and it's available in six attractive colors.Pieces: 10.5-inch fry pan, 3-quart saucepan with lid, 4.5-quart saute pan, 6.5-quart Dutch ovenDishwasher safe: YesOven safe temperature: 550 degreesInduction safe: YesPFOA free: YesPros: Includes storage system, aluminum core for rapid heatingCons: No larger fry pan, ceramic coating isn't as durable as stainless or other metalsThough this set is on the smaller side, Caraway's set has everything you need to get cooking. The 6.5-quart Dutch oven can be your pasta pot or serving dish for large meals, and the 4.5-quart saute pan is perfect for large fry ups. Additionally, the set comes with a storage system: magnetic pan racks and a canvas lid holder. Caraway's signature is its ceramic nonstick coating. Ceramic coatings offer the same nonstick properties as traditional ones, but contain no trace elements of PFOA, PFTE, lead, or cadmium. Caraway cookware has an aluminum core that ensures rapid and even heating, while the coating decreases your need for oil and makes the surface easier to clean.The Caraway Home set is shipped in recycled cardboard with no plastic bags. Plus, the ceramic coating releases less CO2 when manufactured than traditional nonstick coatings.  (Though keep in mind that all nonstick coatings, including ceramic, are less durable than stainless steel and other metals.) Altogether, this set is designed to limit clutter and keep your kitchen functional as well as well-stocked. Our cookware research methodology Lily Alig While we haven't yet tested the sets in this guide firsthand, our picks are based off of extensive research and expert interviews. Here are the factors we considered when putting together this guide:Pieces: The first thing we did was establish a list of essential pieces all cookware sets should have. Our three experts agreed that quality is more important than quantity when it comes to cookware. Chernick, Battiliana, and Phojanakong each suggested a pared down list of essential pieces. With this input and our own experience in the kitchen, we created the guidelines found at the top of the page.Materials: We identified the pros and cons of different cookware materials, which you can see here. Chernick recommended stainless steel for cookware sets because it can handle the wear and tear of a busy kitchen, and we agree. Stainless steel is durable, doesn't require special maintenance, and cooks most things well. Construction: We considered the construction of each cookware set. Besides cast iron, most cookware is made by layering different metals. This can increase the heat conductivity of less conductive metals; for instance, stainless steel pans often have aluminum cores because aluminum heats up much quicker. Additionally, having multiple layers makes the cookware more durable. Battiliana said there is a connection between performance and quality, as thinner metal pans will wear out faster than better constructed pans. What is the best cookware material? Based on our own cookware experience and conversations with experts, these are the differences between the most common cookware materials.Cookware materials comparedMaterialCompositionPros and ConsBest forCast ironSeasoned: Oil baked into cast iron over time prevents food from sticking and the pan from rustingEnameled: Cast iron coated with thick, enamel glaze to prevent food sticking and eliminate the need to season the panPros: Great heat retention, durableCons: Slow to heat up, requires special maintenanceSearing, slow cooking, if you want a piece to pass downAluminumHard-anodized: Aluminum that is electrochemically altered to be more durable and nonstick.Pros: Great heat conductivity, inexpensiveCons: Not durable when untreated, can warp and scratchCasual cooks, inexpensive pieces like sheet pansCopperCore: Copper layer sandwiched between layers of other materialsBase: thin copper ring embedded in the bottom of the cookwareClad: Copper foil exteriorPros: Excellent heat conductivityCons: Reactive with acidic foods, needs to be lined and maintained, expensiveRapid and even heating, experienced chefsStainless steelTri-ply: Stainless steel interior and exterior with a core made from a material with better heat conductivity, often aluminumPros: Non-reactive, durable, scratch resistantCons: Slow to heat up, can be expensiveEveryday chefs, cookware to last through a lot of use Cookware FAQs When should I get rid of a pot or pan?If the handles start to wiggle, you need to tighten them or throw out the piece. Chef Phojanakong said to look at the rivets and welding on the handles for signs of looseness.  It's not safe if you can't handle your pan with ease. Most nonstick coatings will scratch if you regularly use metal utensils on them. It's up to you whether or not this means you have to throw the pan away. For Chernick, once a nonstick pan is scratched, it's time to say goodbye: "It might not be toxic, but I don't want to eat pieces of Teflon."What makes a cookware set induction safe?Cookware needs to have magnetic properties in order to work on an induction stovetop, according to the Cookware Manufacturer's Association. If the cookware material is not magnetic, a magnetic plate is applied to the base in order to make it induction safe. The manufacturer will clearly label the induction capabilities of the cookware. More great cookware guides Flickr / sarah The best hard anodized cookware setsThe best cast iron skillets and pans Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 21st, 2021

Is A Volatility Storm Coming?

Is A Volatility Storm Coming? Authored by Patrick Hill via RealInvestmentAdvice.com, “Volatility often refers to the amount of uncertainty or risk related to the size of changes in a security’s value. A higher volatility means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction.”    – Investopedia Federal Reserve Bond Tapering & Interest Rate Hikes Reduce Liquidity Federal Reserve liquidity injections have bailed out the economy and equity markets for the last 18 months. And as a result, the bailout created a relatively low volatility environment for equity and bond markets.  Will the announced withdrawal of Fed injections of $120B per month set up the monetary system for higher volatility?  We see major economic forces combining in the intermediate future to create a possible ‘volatility storm’ driving valuations down. These economic forces include: Fed tapering Interest rate hikes Inflation Labor wage increases. One of these macro factors is a challenge for monetary policymakers to mitigate damage to the financial system.  But, a combination of these factors already building may overwhelm the monetary system. Further, markets are at historic high valuations today. But, market weaknesses and structure, along with valuations may create optimal conditions for a volatility storm. Taper Is Coming In September, the minutes of the September Federal Open Market Committee meeting noted that most participants agreed that tapering of treasury and mortgage bond purchases should begin in December, but analysts expect a formal announcement at the November Fed meeting.  Accordingly, here is a forecast of how the projected tapering may occur into mid – June 2022. Sources: Zero Hedge, Real Investment Advice – 10/15/21 The financial markets enjoyed about $2.16T in liquidity injections resulting in a low volatility monetary environment for the S&P 500 to bull market from a March 2020 low of 2191 to 4471. The impact of tapering is both real and psychological.  However, some analysts argue that the real reduction in bond purchases will have a minimal effect on bond markets.  Others note that while the actual withdrawal of treasury bond purchases in the $21.9T treasury market is small, the psychological aspects of tapering are significant.  Investors will feel the Federal Reserve is not ‘covering their downside risk’ anymore. Some economists see an increase in volatility due to the end of bond purchases and increasing interest rates.  On Fox News, October 17th, Mohammed El-Erian, Chief Economic Advisor at Allianz SE, said he sees increased volatility in the future. “I worry…that this wonderful world we’ve been living in of low volatility, everything going up, may come to a stop with higher volatility. If I were an investor, I would recognize that I’m riding a huge liquidity wave thanks to the Fed, but I would remember that waves tend to break at some point, so I would be very attentive.” Inflation Surges to Decade Highs The Consumer Price Index, CPI has moved above 5% on a year-over-year basis and it continues to rise.  Housing rent prices are up by 17.9%, according to the Case – Shiller housing September index.  Rent increases lead owner equivalent rent housing costs by five months based on a model by Macrobond and Nordea. This means that the 14% jump in existing home prices YoY is likely to extend into next year.   Below is a chart of the CPI since 2017 and major components such as housing and gasoline. Sources: Bloomberg, Bureau of Labor Statistics – 10/13/21 The record prices of key commodities continue to drive the price of manufactured goods higher. Oil prices settled at $85 per barrel, a three-year high on October 15th.  Aluminum prices have increased by 40% in the last year.  The metal price hit a 13 year high on the London Metal Exchange on October 15th as well.  Copper prices surged by12% in the last week to the highest price since May 12th with a 74 year low in inventories.  Demand for primary metals has soared due to power generation demand and the shift to green power infrastructure systems. If passed, the $1T Bipartisan Infrastructure Bill agreed upon in Congress will likely keep commodities prices high for a couple of years. China Boosting Demand Plus, China continues to make considerable investments in manufacturing and power generation projects keeping global demand high for commodities.  Container shipping of commodities adds to their price.  Container shipping rates from Shanghai to Los Angeles have increased by ten times in the last year. Computer chip shortages continue with the highest delays on record in chip shipments for September and auto manufacturers have reduced production on some models by 10 – 20% reducing car inventories at dealers and supporting high new and used car prices.  Mitigating the surge in inflation would be declining consumer sentiment and buying, plus a possible slowdown in the global economy.  Yet, wages may continue to climb, causing businesses to respond with price increases. Increased Wages Drive Demand Inflation Increases in wages will possibly sustain demand.   Weekly earnings have soared to almost 10%.  This chart shows weekly earnings back to 1983, the last time earnings increased at this high level. Source: Bloomberg – 10/12/21 Worker earnings increases continue to be driven by a labor shortage. There are 4.3M jobs left to fill since the labor force participation rate high of February 2020. Critical factors in many jobs not being filled include: 3.6M retirees not returning to the labor force, lower-wage hospitality workers into higher-paying warehouse and delivery jobs, and 2.5M workers staying at home to care for Covid-19 relatives.  The Wall Street Journal reports on October 14th the labor participation rate is at 61.6% versus 63.3% in February 2020. As a result, the labor force participation rate continues to be below pre-pandemic levels.  Sources: Labor Department, The Wall Street Journal – 10/14/21 Labor Shortages Aren’t Helping The National Federation of Independent Businesses recently reported that their Hard Jobs to Fill indicator shows that wages are likely to continue to soar. The following chart shows how the labor shortage is fueling a rise in wages. Sources: NFIB, The Daily Shot 10/12/21 In many industries, the labor shortage is forcing employers to hire key employees away from competitors.  Accordingly, employers report in tight markets such as software programming offering 20% hire-on bonuses.   The restaurant industry’s average wage now stands above $15 per hour to attract workers in this 400% yearly worker churn sector.  Further, recruiters report that some workers seeing a tight labor market are evaluating work-life balance choices.  Also, drop-out workers in some cases are taking vacations, pursuing hobbies, or just taking a break.  Remote work-from-home options will continue to create tighter labor conditions for the foreseeable future.  A September Wall Street Journal survey of 52 economists showed that 42% expect the economy to not recover to pre-pandemic workforce levels for years to come. Next, let’s look at how weaknesses in the market can provide clues on a gathering volatility storm. Monthly, Weekly Time Frames Show Bearish Market Direction Brett Freeze, principal at Global Technical Analysis (GTA), uses a unique set of time frames matched with trend models to identify support and resistance levels. Markets behave in different ways based on different time periods and participants. For example, institutional investors tend to make long-term investments quarterly. GTA analysis reports on quarterly, monthly, weekly, and daily trends. The following chart shows ES futures contract prices are below Monthly and Weekly Trends. The model notes a one period or two-period move as below trend.  When ES future prices make three consecutive period moves, a trend is indicated for that timeframe. Source: Brett Freeze, Global Technical Analysis – 10/15/21 Note: PQH = Previous Quarter High, PQL = Previous Quarter Low, PMH = Previous Month High, PML = Previous Month Low, PWH = Previous Weekly High, PML = Previous Weekly Low, PDH = Previous Daily High, PDL = Previous Daily Low Realized Volatility Is Relatively Low, Yet Implied Volatility Is Rising Realized volatility is the change in price between the daily closes of a stock, ETF, or financial instrument.  The following chart from Lance Roberts and CNBC shows how price changes in the S&P 500 have been above average but are still within a 2% daily range since the March 2020 SPX lows. Source: Real Investment Advice – 10/6/21 Realized volatility shows how market participants are actually driving market price swings by direct trading.  The limited movement of realized volatility obscures the impact of implied volatility of markets. Implied Volatility Implied volatility is the range of prices based on speculation of where a price may be for underlying security or index at a specific date. Overall implied volatility has been climbing the past few years.  The Volatility Index (VIX) is an indicator of implied volatility. The Chicago Board Options Exchange developed the VIX as a real-time index representing market expectations for the relative strength of near-term price changes of the S&P 500 index (SPX). It is calculated based on the ratio of puts (an option to sell underlying security) to calls (an option to buy underlying security) for near-term (30 days or less) options contracts. VIX – Bullish or Bearish? The lower the VIX index and the more calls to puts is considered bullish.  Conversely, the more puts to calls driving and higher VIX is deemed to be bearish.  The VIX uses put and call options set at specific strike price levels that traders speculate the SPX maybe, not the actual SPX index value. The VIX is one gauge of market sentiment on the direction of prices for the SPX.  Over the past several years, the baseline VIX has been climbing as the SPX has rallied.  Higher lows indicate growing anxiety about high valuations.  The following monthly chart shows the VIX levels since 2014 with higher lows (red arrow) as it spikes at market lows like March 2020. Source: Patrick Hill – 10/16/21 The VIX reached a low of 9.51 in 2017 and today stands at 16.30 on October 15th as a rally continues.  The VIX reached a high of 53.54 at the SPX March 2020 decline. It would seem with higher lows that a higher spike is possible. Daily options market volume as of September is higher than the volume of underlying stocks. This means that speculation on where the SPX level will be is overtaking market flows. Options Levels Point to A Volatility Storm Zone – Below 4400 Options analysts note last week’s bounce in S&P 500 Index is likely due to traders selling put options at monthly expiration, which crushed implied volatility.  The VIX indicator fell to 16.80 from 20. Dealers began setting up ‘short volatility positions and buying calls supporting the rise in market prices. SPX levels of open interest in puts and calls identify where there may be support or resistance to prices. The following chart shows a gamma pivot point at 4400.  Gamma is the rate of change of the delta or sensitivity of the option price to a $1 change in the underlying stock price.  It measures the rate at which dealers must adjust their hedged positions. Positive gamma is above 4400, where there are more calls than puts and traders are net-long options.  As a stock price goes up, the dealer sells the stock and buys it as it goes down.  Dealers dampen price changes in a positive gamma environment. Conversely, when a dealer is net short options, they must hedge by selling the stock as it goes down and buying the stock as price rises triggering increased volatility.  Today, 4400 is the pivot point between positive and negative gamma. Below 4300, we added a Volatility Zone where a volatility storm may build. The chart shows total open interest with puts below the zero line and calls above, with current expiration darkly shaded. Sources: SpotGamma.com and Patrick Hill – 10/15/21 Watch out Below 4400 Brent Kochuba, a co-founder of SpotGamma, notes likely increased volatility below 4400, ” We currently see fairly light put positions below 4400. This implies that traders may need to purchase put options on a break of 4400, which could in turn force options dealers to short futures. This could lead to dealers shorting into a down market, which increases volatility.” We have located where the volatility storm may develop. But, what factors might trigger a storm? Factors Triggering a Volatility Storm The critical triggering events will be Federal Reserve tapering and interest rate increases planned for 2022.  The financial markets depend on high levels of liquidity, so any reduction in liquidity could act as a catalyst for a volatility storm.  Other factors that may magnify a liquidity crunch include: The debt ceiling not being raised in December Options hedgers overreach and can’t cover margin positions, triggering forced selling Inflation roaring further ahead beyond the Fed’s ability to control it, so the market loses confidence in the Fed The Fed raises interest rates higher and faster than the market expects Consumers quit spending, causing retail sales to drop, corporations sales fall, and stock buybacks end that were sustaining high market valuations The economy goes into a recession as GDP drops, employment falls, and corporate valuations fall Any black swan event like the pandemic Any volatility storm as markets decline is likely to force analysts to shift from valuing stocks based on market speculation to actual GAAP earnings (not stock buyback inflated EPS), fundamentals, and related unused valuation tools.  The TINA – ‘there is no alternative’ trading phenomenon would be over.  Investors will need to be mindful of the extreme volatility posed by a volatility storm. Accordingly, wild rallies and steep falls will require portfolio managers to sharpen their hedging and volatility strategies to maintain portfolio value. Tyler Durden Thu, 10/21/2021 - 08:04.....»»

Category: blogSource: zerohedgeOct 21st, 2021

Futures Flat As Bitcoin Nears All-Time High, Yen Tumbles To 4 Year Low

Futures Flat As Bitcoin Nears All-Time High, Yen Tumbles To 4 Year Low US index futures were little changed as investors weighed the start of the earnings season against growing stagflation, tightening, energy crisis, China property and supply risks. S&P 500 futures were flat after the cash index edged closer to a record on Tuesday, rising above 4,500. Contracts on the Nasdaq 100 were also unchanged after the main index rallied for the past five days. At 7:30 a.m. ET, Dow e-minis were down 8 points, or 0.02%, S&P 500 e-minis were down 1 point, or 0.03%, and Nasdaq 100 e-minis were up 5 points, or 0.03%. Oil was down and the dollar steadied. Bitcoin traded just shy of its all time high overnight, and was last seen around $64,000. The S&P closed higher on Tuesday with the biggest boosts from the technology and healthcare sectors amid optimism about solid third-quarter earnings season. The index is just 0.4% below its early September record close, while the Dow Jones Industrials average is 0.5% below its all-time high reached in mid-August. "Earlier this month, stagflation was the buzzword on Wall Street. But now excessive pessimism is receding, especially after strong U.S. retail sales data on Friday," said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities. "Tech shares and other high-growth shares that would have been sold on rising bond yields are rallying, which clearly shows that there is now strong optimism on upcoming earnings." The positive mood saw U.S. bond yields rising further, with the 10-year U.S. Treasuries yield climbing to 1.67% , a high last seen in May. Shorter yields dipped, however, with the two-year yield slipping to 0.404% from Monday's peak of 0.448% as traders took profits for now from bets that the U.S. Federal Reserve will turn hawkish at its upcoming policy meeting in early November. Investors expect the Fed to announce tapering of its bond buying and money markets futures are pricing in one rate hike later next year. "The Fed is likely to become more hawkish, probably tweaking its language on its assessment that inflation will be transient. While the Fed will maintain tapering is not linked to a future rate hike, the market will likely try to price in rate hikes and flatten the yield curve," said Naokazu Koshimizu, senior strategist at Nomura Securities. In premarket trading, Tesla edged 0.4% lower in the run up to its quarterly results after markets close, with investors awaiting details on its performance in China. Anthem rose 0.6% as the second largest health U.S. insurer raised its profit outlook for 2021 after beating third-quarter profit estimates. United Airlines Holdings gained 1.6% after the carrier reported a smaller quarterly loss than a year ago on travel rebound. Ford gained 1.9% after Credit Suisse upgraded the U.S. automaker’s stock to ‘outperform’ on EV transition. Oil majors Exxon Mobil and Chevron Corp slipped 0.7% and 0.6%, respectively, tracking crude prices. Meanwhile, Chinese technology ADRs climbed as jitters in the wake of President Xi Jinping’s regulatory crackdowns fade. Netflix’s global sensation “Squid Game” helped lure more customers than expected, the world’s largest streaming service said as it predicted a packed lineup would further boost signups through the end of the year. Its shares, however, fell 2.7% after hitting a record high earlier this month and gaining 18.2% year-to-date. Here are some of the other biggest U.S. movers today: Chinese tech stocks listed in the U.S. rally in premarket with Hong Kong peers as jitters in the wake of President Xi Jinping’s regulatory crackdowns fade; Pinduoduo (PDD US) +1.7%; Didi (DIDI US) +1.3% Alibaba (BABA US) jumped 6.7% in Hong Kong after reports that founder Jack Ma has traveled abroad for the first time in a year United Airlines (UAL US) gains 2% in U.S. premarket trading after the airline posted a narrower loss than expected despite the impact of the coronavirus delta variant. Cowen notes that 3Q was better than expected and also ahead of management’s last guidance from early September Novavax (NVAX US) shares fall as much as 25% in U.S. premarket trading after Politico reported a potential delay in registering its Covid-19 vaccine candidate with the U.S. Food and Drug Administration in connection with inadequate purity levels Vinco Ventures (BBIG US) shares slump 15% in premarket trading after the company reported the resignations of Chief Executive Officer Christopher Ferguson and Chief Financial Officer Brett Vroman Ford (F US) shares gain 1.7% premarket after Credit Suisse upgrades to outperform with joint Street-high target of $20 following a significant turnaround over the past year Stride (LRN US) gained 7.9% Tuesday postmarket after the education company forecast revenue for the full year that beat the highest analyst estimate WD-40 (WDFC US) sank 10% in postmarket trading after forecasting earnings per share for 2022 that missed the average analyst estimate Omnicom (OMC US) fell 3% in postmarket trading after third quarter revenue fell short of some analyst estimates Canadian National (CNI US) U.S.-listed shares rose 4.6% in postmarket trading after reporting adjusted earnings per share for the third quarter that beat the average analyst estimate Akero Therapeutics (AKRO US) shares rose as much as 12% in Tuesday extended trading after co. said the U.S Verizon Communication, Abbott Laboratories, Tesla Inc, Kinder Morgan and IBM are set to report their earnings later in the day.  Analysts expect S&P 500 earnings to rise 32.4% from a year earlier, according to Refinitiv data, while also keeping a close eye on growth outlook from companies that are faced with rising costs, labor shortages and supply chain disruptions. “Investor response to the latest set of earnings reports has been a touch hit and miss with supply chain issues dogging both Procter and Gamble and Philip Morris,” wrote Danni Hewson, financial analyst at AJ Bell in a client note. “After six quarters of beating earnings expectations, the focus may now shift to forward guidance for 2022 and away from the likely better than expected results for this quarter,” Clive Emery, a multi asset fund manager at Invesco said in a note. “If CEOs are more conservative, this could dent market pricing – especially after such strong moves in equity markets over the last 18 months.” In Europe, stocks were also little changed as gains in food and beverage stocks offset losses in miners which are some of the region’s steepest decliners as base metals slip after China launched a blitz of measures to tackle the energy crisis. The Stoxx Europe 600 basic resources index drops 2% as of 10:56am in London, worst performance among Stoxx 600 sectors. Here are some of the biggest European movers today: Falck Renewables shares rise as much as 15% after Infrastructure Investments Fund agreed to buy Falck SpA’s 60% stake in the company at EU8.81/share. IIF will launch a mandatory cash tender offer for Falck Renewables’ remaining share capital after the transaction. Husqvarna shares advance as much as 7.7%, the most intraday since May 2020, after reporting 3Q operating profit that Pareto Securities says is “substantially” stronger than expected. Getinge shares jump as much as 8.1% to a record high, leading the OMX Stockholm 30 index, after 3Q earnings which Handelsbanken (hold) says showed “impressive” order intake and operating leverage. Deliveroo shares jump as much as 4.9% to their highest level since Sept. 30, after the U.K. online food delivery firm hikes its growth forecast, which Jefferies says is an “aspiration” for players in the sector. Nestle shares advance as much as 3.9% after the world’s largest food company increased its sales outlook for the year. This along with the lack of a negative margin update “should be enough to reassure,” according to Citigroup. AutoStore Holdings shares jumped as much as 15% in its Oslo trading debut after pricing shares at the top end of the marketed range as an online shopping boom and labor shortages drive up demand for its automated warehouse robots. Kering SA shares tumbled as much as 5.8% after slowing growth at Gucci, its biggest brand, put more pressure on the label’s new collection to deliver a strong holiday season. Antofagasta shares slump as much as 6.3%, most intraday for two months, after the miner guides for lower copper production next year. Citi and Morgan Stanley analysts say 2022 outlook came in below expectations Kuehne + Nagel shares fall as much as 4.7% to their lowest level in five months after working- capital concerns outweighed a 3Q earnings beat for Swiss logistics operator. Earlier in the session, Asian stocks advanced with Hong Kong-listed tech shares extending their rally to a fourth day, buoyed by encouraging U.S. earnings and growing optimism that the strictest of China’s new regulations on tech firms may already be announced.  The MSCI Asia Pacific Index rose as much as 0.7%, powered by Alibaba Group Holding Ltd., which closed up 6.7%. The equity gauge also climbed after Johnson & Johnson raised its profit forecast and Netflix Inc. reported a jump in subscribers. Hong Kong and Australia were among the top-performing markets.  “Asian stocks appear to be taking their cue from the U.S. earnings season and are being bought on the back of the nascent technical confirmation,” said Justin Tang, the head of Asian research at United First Partners. The regional benchmark has gained 5% over the past two weeks as the earnings season progresses and inflation and supply chain worries ease. The measure is close to surpassing its 100-day moving average. Coal stocks listed in mainland China slumped after the nation’s top economic planner said it’s studying ways to intervene in the coal market as the government tries to rein in rising prices and curtail shortfalls. Meanwhile, expectations are falling that China’s central bank will ease monetary policy by cutting the amount of cash banks have to hold in reserve, according to a front-page story from the central bank’s own newspaper. Japanese equities eked out a second day of gains, driven by advances in telecommunications providers. Banks were also among the biggest boosts to the Topix, which rose less than 0.1%. SoftBank Group and Fast Retailing were the largest contributors to a 0.1% gain in the Nikkei 225. U.S. equities extended a rally on Tuesday as solid corporate results helped counter concerns stemming from elevated inflation. In Australia, the S&P/ASX 200 index rose 0.5% to 7,413.70, its highest close since Sept. 16. Banks boosted the index as a subgauge of financials hit a four-year peak. Kogan.com rallied after the company reported gross sales for the first quarter of A$330.5 million vs. A$273 million y/y. Whitehaven plunged after China’s top economic planner said it is studying ways to intervene in the coal market as the government tries to rein in rising prices and curtail shortfalls. In New Zealand, the S&P/NZX 50 index rose 0.4% to 13,114.24 In FX, the Bloomberg dollar index is little changed in London trade following yesterday’s slide and the greenback traded mixed against its Group-of-10 peers. The Treasury curve held on to yesterday’s steepening as the 2-year yield fell a second day, while the 10- year yield was steady after earlier rising to 1.67% for the first time since May. Norway’s krone was the worst G-10 performer as it fell from the European open, after yesterday reaching a four-month high versus the dollar. The pound slipped, reversing modest gains, after the U.K.’s September inflation reading came in lower than expectations; still, it’s well beyond the Bank of England’s target and it’s the last before the rate decision in November. Australia’s led G-10 gains and the sovereign bond curve bear steepened, tracking yesterday’s Treasury moves. The yen fell to weakest level in almost four years as traders added to bets on Fed rate hikes and rising oil prices boosted concern about the Japanese trade deficit. China’s offshore yuan extends its overnight softness after a weaker than expected fixing, with USD/CNH 0.25% higher. In rates, treasuries were narrowly mixed and off lows reached during Asia session after being led higher during European morning by gilts, where short maturities outperform. The 10-year TSY yield touched 1.67%, the highest level since May. The treasury futures rally stalled after a block sale in 10-year contracts, apparently fading strength. Treasury curve pivots around a little-changed 10-year sector, with front-end yields slightly richer on the day, long-end slightly cheaper; 5s30s, steeper by 2bp, extends rebound from Monday’s multimonth low; U.K. 10-year yield is lower by nearly 4bp. U.S. session includes 20-year bond auction.   Bunds and gilts ground higher in quiet trade, with curves having a small steepening bias. Long end USTs cheapen 1bp, gilts richen ~2.5bps at the short end. Peripheral spreads are marginally tighter to Germany. Italy’s green BTP syndication is well received with final books over EU48b. European equities fade a small opening dip to trade little changed. Price action is quiet, V2X drops toward 16 In commodities, crude futures drift lower. WTI drops 0.9% near $82.20, Brent is 1% lower holding above $84. Spot gold slowly extends Asia’s gains, rising $9 to trade near $1,780/oz. Most base metals are under pressure with LME copper and aluminum underperforming peers. In cryptocurrencies, bitcoin stood at $64,068, near its all-time peak of $64,895 as the first U.S. bitcoin futures-based exchange-traded fund began trading on Tuesday Looking at the day ahead now, and data releases include the UK and Canadian CPI readings for September, alongside the German PPI reading for the same month. From central banks, the Fed will be releasing their Beige Book, and we’ll hear from the Fed’s Bostic, Kashkari, Evans, Bullard and Quarles, as well as the ECB’s Villeroy, Elderson, Holzmann and Visco. Finally, today’s earnings releases include Tesla, Verizon Communications, Abbott Laboratories, NextEra Energy and IBM. Market Snapshot S&P 500 futures little changed at 4,509.50 MXAP up 0.4% to 200.82 MXAPJ up 0.5% to 661.79 Nikkei up 0.1% to 29,255.55 Topix little changed at 2,027.67 Hang Seng Index up 1.4% to 26,136.02 Shanghai Composite down 0.2% to 3,587.00 Sensex down 0.6% to 61,343.39 Australia S&P/ASX 200 up 0.5% to 7,413.67 Kospi down 0.5% to 3,013.13 STOXX Europe 600 little changed at 468.88 German 10Y yield rose 8.5 bps to -0.115% Euro little changed at $1.1628 Brent Futures down 0.9% to $84.32/bbl Gold spot up 0.5% to $1,777.33 U.S. Dollar Index little changed at 93.80 Top Overnight News from Bloomberg Business Secretary Kwasi Kwarteng said there won’t be a fresh lockdown of the U.K. economy even as Covid-19 cases tick upwards and Prime Minister Boris Johnson warns of a difficult winter ahead The recovery in France and in Europe “remains very strong,” Bank of France Governor Francois Villeroy de Galhau says on Wednesday during a National Assembly finance committee hearing The yen’s tough year is only going to get tougher as a rising tide of oil prices and global yields threatens to send Japan’s currency past 115 per dollar for the first time since 2017 PBOC Deputy Governor Pan Gongsheng says financial activities by China’s property sector and financial market prices are gradually becoming normal, China Business News reports, citing a speech at a forum in Beijing Sinic Holdings Group Co. became the latest Chinese real estate firm to default as investors wait to see whether China Evergrande Group Inc. will meet overdue interest payments on dollar bonds this week A more detailed look at global markets from Newsquawk Asian equity markets traded mostly positive as the region took its cue from the extended gains on Wall Street where sentiment was underpinned amid encouraging earnings results and with some hopes for a breakthrough on reconciliation as the White House and Democrats continued deliberations. ASX 200 (+0.5%) was led higher by outperformance in tech and with nearly all of its sectors in the green, while there were also gains seen in some of the blue-chip miners and across the big four banks. Nikkei 225 (+0.1%) was lifted by the weaker currency and following better than expected Exports and Imports data, although the index stalled just shy of the 29.5k level, while KOSPI (-0.5%) failed to hold on to opening gains with confirmation from North Korea that it fired a new submarine launched ballistic missile on Tuesday. Hang Seng (+1.4%) and Shanghai Comp. (-0.1%) were varied whereby Hong Kong was boosted by tech and health care with Alibaba leading the advances after it recently unveiled China’s most advanced chip and with its founder Jack Ma travelling abroad for the first time in over a year who is currently on a study tour in Spain. Conversely, the mainland was subdued alongside weakness in domestic commodity prices and despite a firmer liquidity effort by the PBoC, while the central bank provided no surprises in maintaining its benchmark Loan Prime Rates unchanged for the 18th consecutive month and a PBoC-backed paper also noted that expectations for a RRR cut during Q4 have eased. Finally, 10yr JGBs were lower amid spillover selling from global peers and recent curve steepening in US which desks attributed to positioning and upcoming supply, although the downside for JGBs was limited by the presence of the BoJ in the market for nearly JPY 1.4tln of JGBs heavily concentrated in 1yr-10yr maturities. Top Asian News Abu Dhabi’s Top Fund Backs Indonesia’s Largest Internet Firm Singapore Category E COE Price Rises to Highest Since Oct. 2013 China’s Liu He Says Property Market Risks Are Controllable: 21st Rio’s New CEO Starts Turnaround With $7.5 Billion Climate Pledge It’s been a choppy start to the session for European equities (Euro Stoxx 50 flat; Stoxx 600 flat) as opening losses were quickly trimmed after the cash open. Stocks in Europe were unable to benefit from the constructive APAC handover, which itself benefitted from a strong Wall St close as stocks in the US gained for a fifth consecutive session. As it stands, US equity index futures are relatively flat as indices succumb to the choppy price action with events on Capitol Hill not providing much guidance for price action as lawmakers strive to reach a deal on spending by the end of the week. Back to Europe and sectoral performance is somewhat mixed with clear outperformance in the Food & Beverage sector as earnings from Swiss heavyweight Nestle (+3.2%) provides support and prompts upside in the SMI (+0.7%). Nestle reported a beat on 9M revenues and raised FY guidance amid performance of coffee and pet food sales, whilst noting that it increased pricing in a “responsible manner” during Q3. Elsewhere in Switzerland, Roche (-1.0%) also beat on revenues and raised guidance but was unable to benefit from a lift in its share price. To the downside, Basic Resources lag amid softness in some base metals prices as well as a production update from Antofagasta (-4.2%) and a broker downgrade for Rio Tinto (-4.0%). Retail names are also trading on a softer footing after Q3 earnings from Kering (-4.0%) saw the Co. report a decline in consolidated revenues and note that performance for Gucci was hit by a resurgence of COVID-19 cases in Asia. H&M (-2.7%) is also weighing on the sector after a broker downgrade at Morgan Stanley. Elsewhere, Deliveroo (+3%) is seeing upside today after the Co. upgraded Gross Transaction Value (GTV) growth guidance. Additionally, in what has been a tough week for the Co., IAG (-3.6%) is seeing further losses after being downgraded at Peel Hunt. Finally, updates from the likes of materials name Akzo Nobel (supply chain woes) and semiconductor ASML (revenues fell short of expectations) have sent their shares lower by 1.5% and 1.7% respectively. Top European News Weidmann to to Step Down as Bundesbank Chief at End of Year Credit Suisse Dodges Bigger Fine With Debt-Forgiveness Vow Vinci Up After Reporting Higher 9m Sales; Guidance Confirmed Covid Tests Boost Roche Growth Once Again, Lifting Outlook In FX, the Index has recovered from yesterday's decline, which saw a base at 93.500 – matching the 32.8% Fib retracement of the September move, with the Index now eyeing the 21 DMA at 93.917 ahead of 94.000. The main stateside development has been on the fiscal front, where President Biden told Democrat lawmakers he believed they could secure an agreement for a tax and spending proposal valued at USD 1.75tln-1.90tln, whilst US progressive Democratic Rep. Jayapal said she feels even more optimistic after the White House meeting. As Republicans fully opposed Biden's plans, all Democrat votes are needed in the Senate, whilst only a few can be spared in the House. As a reminder, Congress set an Oct 31st deadline for the passage. Negotiations are expected to wrap up as soon as this week. Ahead, the stateside docket is quiet aside from several Fed regulars after the European close. NZD, AUD, CAD - The Kiwi stands as the current outperformer in a continuation of the strength seen as bets mount for a steeper RBNZ OCR hike at the upcoming meeting in light of the CPI metrics earlier this week. The NZD/USD pair also sees some technical tailwinds after failing to convincingly breach 0.7150 to the downside overnight. AUD/USD meanwhile eyes 0.7500 to the upside from a 0.7466 base with some potential support seen as China taps into Aussie coal amid surging demand. USD/CAD dips below 1.2350 but remains within yesterday's 1.2309-76 range ahead of Canadian CPI later – with headline Y/Y expected to tick higher to 4.3% from 4.1%. EUR, GBP - Both flat vs the Dollar and against each other. Sterling saw some mild weakness as UK CPI narrowly missed expectations at 3.1% vs exp. 3.2% for the headline Y/Y, in turn prompting market pricing to ease a touch as the dust settled – with the implied rate for the 4th Nov meeting modestly under 25bps vs 25.71bps heading into the release. That being said, the slight miss is likely not to provide enough ammunition for the BoE doves, whilst the hawks will likely continue to warn the dangers of persistently high inflation – ultimately not settling the debate on the MPC regarding how soon it should raise rates. GBP/USD fell back under its 100 DMA (1.3805) from a 1.3814 high. From a technical standpoint, aside from yesterday's 1.3833 peak, the pair sees the 200 DMA at 1.3846. EUR/USD meanwhile rebounded off its 21 DMA (1.1615) but remains under 1.1669 high, having seen little reaction to the unrevised Y/Y final EZ CPI metrics, although the M/M metrics were revised slightly higher as expected. Elsewhere, it is worth noting that ECB-hawk Weidmann has submitted his resignation to the Bundesbank and the ECB ahead of next week's Governing Council confab. JPY - The JPY is relatively flat intraday, but overnight price action was interesting as USD/JPY drifted to a high of 114.69, with participants recently flagging barriers just ahead of 115.00. Some have also cited Gatobi demand, where accounts In commodities, WTI and Brent Dec futures are marginally softer on the day in a continuation of the downward trajectory during US hours yesterday. WTI has dipped below USD 82/bbl (vs high USD 82.60/bbl) while its Brent counterpart hovers around USD 84.50/bbl (vs high USD 85.20/bbl). The subdued prices come amid a larger-than-expected build in Private inventories, although the internals were bullish, with the DoEs headline expected to print a build of some 1.8mln bbls. Elsewhere, the Iraqi energy minister has been vocal throughout the session, saying he expects oil prices to reach USD 100/bbl in Q1 and Q2 2022 – in contrast to comments he made last week which suggested that oil price is unlikely to increase further; whilst he also recently noted oil prices between USD 75-80/bbl is a fair price for producers and consumers. The Iraqi minister today said it is preferable for long-term oil prices between USD 75-85/bbl, and OPEC+ is now discussing ways to balance oil prices but no decision has yet been made to add more production above the agreed levels. Elsewhere, following India’s call on OPEC yesterday to lower prices, India’s HPCL executive says current oil prices are high for India; USD 60-70/bbl is comfortable and high oil prices may impact demand growth. Over to metals spot gold resides around its 50 DMA at USD 1,778/oz while spot silver eyes USD 24/bbl to the upside. Overnight, China’s coal intervention saw prices slump – with thermal coal futures hitting limit down and coke futures opening lower by 9%. LME copper prices are also softer, with the contract briefly dipping under USD 10k/t overnight. US Event Calendar 7am: Oct. MBA Mortgage Applications, prior 0.2% Oct. 20-Oct. 22: Sept. Monthly Budget Statement, est. -$59b, prior -$124.6b 2pm: U.S. Federal Reserve Releases Beige Book DB's Jim Reid concludes the overnight wrap Whilst inflation concerns are still very much bubbling under the surface of markets, risk appetite strengthened further yesterday thanks in no small part to decent earnings reports. There are no signs of widespread erosions of margins at the moment. Perhaps there is so much money sloshing about that for now prices are broadly being passed on. We’ll get a better picture of this as the earnings season develops. Indeed, the selloff from September feels like an increasingly distant memory now, with the S&P 500 (+0.74%) advancing for a 5th consecutive session to leave the index just 0.38% beneath all-time closing high from early September. Earlier Europe’s STOXX 600 (+0.33%) also moved higher. In the US, earnings supported sentiment yet again. 10 of the 11 companies reporting during New York trading beating estimates, whilst all 4 of the after-hours reporting beat as well. That brings the total number of reporters for the season thus far to 57, 50 of whom have beat earnings expectations. Most sectors were higher yesterday, with health care (+1.31%), utilities (+1.26%), and energy (+1.14%) leading the way; only consumer discretionary (-0.29%) lagged. We even saw the FANG+ index (+1.56%) of megacap tech stocks hit a new record ahead of Tesla’s earnings today, whilst the NASDAQ (+0.72%) was also up for a 5th consecutive session. Equities may be brushing off the inflation stories for now but they are hardly going away, as yesterday saw oil prices climb to fresh multi-year highs. Brent Crude was up +0.89% to close above $85/bbl for the first time since 2018, whilst WTI (+0.63%) similarly advanced to close just shy of $83/bbl, a mark not reached since 2014. And investor expectations of future inflation are still moving higher in many places, with the Euro Area 5y5y forward inflation swap up +4.0bps to 1.90%, also the highest level since 2014. Against this backdrop, sovereign bonds continued to selloff on both sides of the Atlantic, even though investors slightly pared back some of their Monday bets on near-term rate hikes by the Fed and the BoE. 10yr yields moved higher across the board, with those on Treasuries up +3.7bps to 1.64%, their highest closing level since early June, just as those on bunds (+4.3bps), OATs (+4.3bps) and BTPs (+4.8bps) similarly moved higher. It was a more divergent picture at the 2yr horizon however, with those on 2yr Treasuries down -3.0bps after five days of increases, whereas those on gilts were up +1.0bps. Watch out for UK inflation numbers shortly after this hits your inboxes although this may be the calm (due to base effects) before the inflationary storm in the coming months. From central banks, we had the latest global hike yesterday in Hungary, where the base rate was raised by 15bps to 1.80%, in line with consensus expectations, with Deputy Governor Virag saying afterwards that this monetary tightening was set to carry on into next year. However, we did get some pushback to recent market pricing from ECB chief economist Lane, who said that “If you look at market pricing of the forward interest rate curve, I think it’s challenging to reconcile some of the market views with our pretty clear rate forward guidance”. This didn’t really hit fixed income but it did see the euro pare back some of its gains against the US dollar yesterday, ending the session up just +0.08%, down from an intraday high of +0.51%. Asian equities have followed those moves higher overnight, with the Hang Seng (+1.71%), Nikkei (+0.27%), CSI (+0.08%) and Shanghai Composite (+0.03%) all trading higher, although the KOSPI (-0.11%) has lost ground. China’s property market continues to be in focus after home prices fell -0.08% in September, which is their first monthly decline since April 2015. Separately, Chinese coal futures (-8.00%) have snapped a run of 8 consecutive gains this morning after the country’s National Development and Reform Commission said that it wanted to ensure a rise in coal output to 12m tons per day, and that they would also be looking at other measures to intervene in the market. Outside of Asia, equity futures are pointing slightly lower, with those on the S&P 500 down -0.03%. The pandemic hasn’t been a major influence on markets in recent weeks but there may be some initial signs that the global decline in cases that we’ve seen since late August has stopped. Looking at data from John Hopkins University, the rolling weekly change in confirmed cases has ticked up on each of Saturday, Sunday and Monday. And although we shouldn’t over-interpret a few days’ numbers, we had already seen the rate of decline slow for 3 successive weeks now, which was probably to be expected given the time of year. We’re certainly coming up to a key period where a more indoor northern hemisphere life will combine with waning vaccine effectiveness to test the resolve of the authorities to maintain relatively restriction-free economies. Boosters may be key here. Once we get past this winter things may get easier particularly with new medicines in the pipeline like the viral pill from Merck that trials showed reduced hospitalisations and deaths by around half. On the data front, US housing starts fell to an annualised rate of 1.555m in September (vs. 1.615m expected), whilst building permits also fell to an annualised rate of 1.589m (vs. 1.680m expected). The previous month’s numbers were also revised down for both. Finally in the US, after an acrimonious weekend, Senators Sanders and Manchin expressed optimism they could agree on a framework for the next reconciliation bill by the end of the week in bilateral negotiations, which is set to contain a number of President Biden’s key legislative goals. To the day ahead now, and data releases include the UK and Canadian CPI readings for September, alongside the German PPI reading for the same month. From central banks, the Fed will be releasing their Beige Book, and we’ll hear from the Fed’s Bostic, Kashkari, Evans, Bullard and Quarles, as well as the ECB’s Villeroy, Elderson, Holzmann and Visco. Finally, today’s earnings releases include Tesla, Verizon Communications, Abbott Laboratories, NextEra Energy and IBM. Tyler Durden Wed, 10/20/2021 - 07:59.....»»

Category: smallbizSource: nytOct 20th, 2021

The best cookware sets in 2021

Every home chef should have a high-quality set of pots and pans. These are the best cookware sets of 2021. Table of Contents: Masthead Sticky Cookware sets are an efficient way to equip your kitchen with all the basics. We evaluated the pros and cons of each set so you can find one that suits your needs and budget. The best cookware set overall is the Tramontina Tri-Ply Stainless Steel Set because its pieces are practical and durable. Purchasing a cookware set can be overwhelming, no matter how confident you are in the kitchen. The variety of materials and different combinations of pots and pans can seem endless. That's why we turned to the experts, who all agreed that less is more when it comes to cookware. Based on our own experience and conversations with chefs, food editors, and leaders of the Cookware Manufacturers Association, we came up with the following as a basic outline for an ideal cookware set.Type of panPurpose10-inch skilletMaking eggs, pancakes, fried rice12-inch sauté panLarger recipes with more liquids, sautéing vegetables and meats5-quart Dutch ovenBraising, roasting, slow cooking, stews and soups3-quart saucepanSmall portions of pasta or rice, saucesNot every set in this guide includes a Dutch oven, but a casserole dish or stockpot can serve the same purpose. Here are the best cookware sets of 2021Best cookware set overall: Tramontina 12-Piece Tri-Ply Clad Stainless Steel SetBest budget cookware set: T-fal All-in-One Hard-Anodized Cookware Set Best cookware set upgrade: All-Clad D3 Stainless Steel Cookware SetBest ceramic cookware set: Caraway Ceramic Coated Set The best cookware set overall Tramontina The Tramontina set stocks your kitchen without cluttering it, and features useful pieces in a durable material.Pieces: 10- and 12-inch fry pans, 6-quart covered deep sauté pan, 1.5- and 3-quart covered saucepans, 5-quart covered Dutch oven, and 8-quart covered stock potDishwasher safe: YesOven safe temperature: 350Induction safe: YesPFOA free: YesPros: Includes essential pieces, tri-ply construction for durability Cons: Oven safe temperature on the low endWhen we asked King Phojanakong, chef at the Institute of Culinary Education, which pots and pans were kitchen must-haves, he listed a 5-quart Dutch oven, 12-inch saute pan, and 3-quart saucepan, all of which happen to be included in Tramontina's cookware set. The versatility of these pieces is the selling point: Phojanakong uses the saute pan for chicken dishes or baby bok choy, and takes out the 3-quart saucepan when he needs to heat up leftover soups and sauces and cook rice or small portions of pasta. Not only is the Tramontina set's practical range of sizes — with cookware scaled for both individual meals and large gatherings — one of its major assets, so is its durable construction. "Stainless steel is the most universal material. You don't have to treat it gently," said Lisa Chernick, author of Your Starter Kitchen. Each piece is made up of an aluminum core sandwiched between external 18/10 stainless steel layers. This tri-ply construction gives you the excellent heat conductivity of aluminum with the strength of stainless steel. While the set is dishwasher safe, hand washing your cookware will maintain its shine longer. You can purchase the individual components separately, though the set offers the best deal. There are also smaller and larger sets, but the 12-piece has all the essentials and no unnecessary extras. Best budget cookware set Amazon If you need to stock your kitchen quickly and on a budget, the T-fal Hard-Anodized Set is easy to maintain, scratch resistant, and comes with three serving utensils.Pieces: 11- and 12-inch fry pans, 10-inch deep saute pan, 1-quart stewpot, 2-quart covered stewpot with fridge lid, 4.2-quart covered stewpot, three utensils Dishwasher safe: YesOven safe temperature: 400 degrees, lids to 350Induction safe: NoPFOA free: YesPros: Dishwasher safe, large frying pans, stewpot can act as dutch ovenCons: No pot larger than 4 quarts, saute pan does not have a lidThe exteriors of all the pots and pans in T-fal's cookware set are hard-anodized aluminum, a material resistant to scratches from metal utensils, while the interiors are glazed with nonstick coating and then reinforced with titanium, which is commonly used as a strengthening layer. Insider reporter James Brains has used a similar T-fal set since 2018. He said that the pieces have held up well through daily use, though he recommends hand washing the fry pans to preserve the nonstick coating.The largest pot in this 12-piece collection is only four quarts, but if you're not hosting a party, that should be big enough for pasta night. Plus, the set includes a serving spoon, spatula, and a slotted spatula, so you'll be ready to dole out dinner. And if you have leftovers, the 2-quart pot comes with a refrigerator lid so you can store them.Ring-shaped thermo spot indicators turn red when the pans get hot, which can take some of the guesswork out of properly preheating — especially for less experienced cooks. Once you're done, these stackable pieces nest easily into one another. Best cookware set upgrade Crate & Barrel If you splurge on an All-Clad Stainless Steel set, your kitchen will be stocked with essential pieces that stand the test of time.Pieces: 8- and 10-inch fry pans, 2-quart covered saucepan, 3-quart covered casserole dish, 3-quart covered sauté pan, and 8-quart stockpot with lidDishwasher safe: NoOven safe temperature: 600 degreesInduction safe: YesPFOA free: YesPros: High oven safe temperature, thick gauge aluminum coreCons: Fry pans on the small side, not dishwasher safeOur best overall pick, which is also stainless steel, is less expensive and offers much of the same benefits as this All-Clad set. However, the longevity and durability of the All-Clad D3 line may make it worth spending the extra money, depending on your cooking needs. The All-Clad D3 cookware set has the highest oven safe temperature in this guide: 600 degrees. The ability to withstand such high heat also improves the performance of the casserole dish or stock pot as a substitute Dutch oven. And as Chernick mentioned, more experienced cooks may want to brown something on the stovetop and then put it in the oven. We should note that while these All-Clad pots and pans hold up in the oven, you're better off hand-washing them than putting them in the dishwasher, which is something to consider if keeping cleanup time to a minimum is important. Best ceramic cookware set Caraway Home The Caraway Ceramic Coated Set is an eco-friendly alternative to traditional nonstick pots and pans — and it's available in six attractive colors.Pieces: 10.5-inch fry pan, 3-quart saucepan with lid, 4.5-quart saute pan, 6.5-quart Dutch ovenDishwasher safe: YesOven safe temperature: 550 degreesInduction safe: YesPFOA free: YesPros: Includes storage system, aluminum core for rapid heatingCons: No larger fry pan, ceramic coating isn't as durable as stainless or other metalsThough this set is on the smaller side, Caraway's set has everything you need to get cooking. The 6.5-quart Dutch oven can be your pasta pot or serving dish for large meals, and the 4.5-quart saute pan is perfect for large fry ups. Additionally, the set comes with a storage system: magnetic pan racks and a canvas lid holder. Caraway's signature is its ceramic nonstick coating. Ceramic coatings offer the same nonstick properties as traditional ones, but contain no trace elements of PFOA, PFTE, lead, or cadmium. Caraway cookware has an aluminum core that ensures rapid and even heating, while the coating decreases your need for oil and makes the surface easier to clean.The Caraway Home set is shipped in recycled cardboard with no plastic bags. Plus, the ceramic coating releases less CO2 when manufactured than traditional nonstick coatings.  (Though keep in mind that all nonstick coatings, including ceramic, are less durable than stainless steel and other metals.) Altogether, this set is designed to limit clutter and keep your kitchen functional as well as well-stocked. Our research methodology Lily Alig While we haven't yet tested the sets in this guide firsthand, our picks are based off of extensive research and expert interviews. Here are the factors we considered when putting together this guide:Pieces: The first thing we did was establish a list of essential pieces all cookware sets should have. Our three experts agreed that quality is more important than quantity when it comes to cookware. Chernick, Battiliana, and Phojanakong each suggested a pared down list of essential pieces. With this input and our own experience in the kitchen, we created the guidelines found at the top of the page.Materials: We identified the pros and cons of different cookware materials, which you can see here. Chernick recommended stainless steel for cookware sets because it can handle the wear and tear of a busy kitchen, and we agree. Stainless steel is durable, doesn't require special maintenance, and cooks most things well. Construction: We considered the construction of each cookware set. Besides cast iron, most cookware is made by layering different metals. This can increase the heat conductivity of less conductive metals; for instance, stainless steel pans often have aluminum cores because aluminum heats up much quicker. Additionally, having multiple layers makes the cookware more durable. Battiliana said there is a connection between performance and quality, as thinner metal pans will wear out faster than better constructed pans. What is the best cookware material? Based on our own cookware experience and conversations with experts, these are the differences between the most common cookware materials.MaterialCompositionPros and ConsBest forCast ironSeasoned: Oil baked into cast iron over time prevents food from sticking and the pan from rustingEnameled: Cast iron coated with thick, enamel glaze to prevent food sticking and eliminate the need to season the panPros: Great heat retention, durableCons: Slow to heat up, requires special maintenanceSearing, slow cooking, if you want a piece to pass downAluminumHard-anodized: Aluminum that is electrochemically altered to be more durable and nonstick.Pros: Great heat conductivity, inexpensiveCons: Not durable when untreated, can warp and scratchCasual cooks, inexpensive pieces like sheet pansCopperCore: Copper layer sandwiched between layers of other materialsBase: thin copper ring embedded in the bottom of the cookwareClad: Copper foil exteriorPros: Excellent heat conductivityCons: Reactive with acidic foods, needs to be lined and maintained, expensiveRapid and even heating, experienced chefsStainless steelTri-ply: Stainless steel interior and exterior with a core made from a material with better heat conductivity, often aluminumPros: Non-reactive, durable, scratch resistantCons: Slow to heat up, can be expensiveEveryday chefs, cookware to last through a lot of use FAQs When should I get rid of a pot or pan?If the handles start to wiggle, you need to tighten them or throw out the piece. Chef Phojanakong said to look at the rivets and welding on the handles for signs of looseness.  It's not safe if you can't handle your pan with ease. Most nonstick coatings will scratch if you regularly use metal utensils on them. It's up to you whether or not this means you have to throw the pan away. For Chernick, once a nonstick pan is scratched, it's time to say goodbye: "It might not be toxic, but I don't want to eat pieces of teflon."What makes a cookware set induction safe?Cookware needs to have magnetic properties in order to work on an induction stovetop, according to the Cookware Manufacturer's Association. If the cookware material is not magnetic, a magnetic plate is applied to the base in order to make it induction safe. The manufacturer will clearly label the induction capabilities of the cookware. More great cookware guides Flickr / sarah The best hard anodized cookware setsThe best cast iron skillets and pans Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 6th, 2021

Cigna (CI) Divests Units to Chubb for Net $5.1 Billion

Cigna (CI) closes the deal to divest its life, accident and supplemental benefits businesses to Chubb. CI primarily intends to pursue share repurchases with proceeds received from the transaction. Cigna Corporation CI recently completed the divestiture of its life, accident and supplemental benefits businesses operating across six of Asia Pacific’s markets — Hong Kong, Indonesia, Korea, New Zealand, Taiwan and Thailand — to the insurer Chubb Limited CB.When the abovementioned deal was signed by CI in October last year, Chubb agreed to acquire Cigna’s stake in Turkey’s joint venture as well. However, CI and CB decided to change the terms and kept out Cigna's interest in the Turkey joint venture from the deal.Plans of completing the divestiture deal within 2022 were established, subject to applicable regulatory approvals and customary closing conditions. It is worth mentioning that the transaction has been closed within the targeted time period, with around six months to go before the end of 2022.To acquire Cigna’s businesses, Chubb paid roughly $5.4 billion in cash to the health insurer. Consequently, CI is likely to receive net after-tax proceeds of around $5.1 billion from the transaction, out of which $3.5 billion will be utilized to execute the accelerated share repurchase agreements announced last month. Cigna mainly intends to utilize the full proceeds for share buybacks.The conclusion of the transaction is likely to fetch dual benefits for Cigna. Firstly, the recent divestiture will enable the health insurer to focus on expanding its global health portfolio, which in turn will drive the growth prospects of the company. With the first-in-class capabilities of its two health platforms — Evernorth and Cigna Healthcare, Cigna extends cost-effective, predictable and convenient health care coverage worldwide. CI has well-performing Medicare business through which it has been devising cost-effective health plans and extending reach across inaccessible regions. Solid demand for Medicare plans is likely to sustain, supported by an aging U.S. population.Secondly, the deal completion will enable Cigna to pursue share buybacks to the tune of a minimum of $7 billion in 2022. From the beginning of this year, CI commenced repurchasing shares, thereby maintaining its robust share repurchase history. In the first quarter of 2022, the health insurer engaged in share buybacks of $1.4 billion. Apart from uninterrupted share repurchases, Cigna resorts to distributing quarterly dividends and declaring special dividends from time to time.Cigna seems prudent in utilizing net proceeds from the divestiture to undertake share repurchases to complement the solid capital deployment plans for 2022 that it unveiled in February 2022. As means to deploy capital, management will prioritize share buybacks over large-scale mergers or acquisitions this year. Such endeavors highlight CI’s constant efforts to maximize shareholder returns and the strength possessed in its business portfolio. A strong cash balance and adequate cash-generating abilities equip the health insurer to pursue tactical capital deployment moves.Shares of Cigna have gained 14.8% year to date against the industry’s decline of 3.2%. CI currently carries a Zacks Rank #3 (Hold).Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks in the Medical space are AMN Healthcare Services, Inc. AMN and Molina Healthcare, Inc. MOH. While AMN Healthcare flaunts a Zacks Rank #1 (Strong Buy), Molina Healthcare carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The bottom line of AMN Healthcare outpaced estimates in each of the trailing four quarters, the average surprise being 15.60%. The Zacks Consensus Estimate for AMN’s 2022 earnings indicates a rise of 30.3% year over year, while the same for revenues suggests an improvement of 25.9%. The consensus mark for AMN Healthcare’s 2022 earnings has moved north by 12.4% in the past 60 days.Molina Healthcare’s earnings surpassed estimates in three of the last four quarters and missed once, the average surprise being 1.51%. The Zacks Consensus Estimate for MOH’s 2022 earnings suggests an improvement of 26.9% from the year-ago reported figure, while the same for revenues indicates growth of 9.1%. The consensus mark for Molina Healthcare’s 2022 earnings has moved north by 0.4% in the past 60 days.Shares of AMN Healthcare and Molina Healthcare have lost 10.8% and 12.4%, respectively, year to date. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chubb Limited (CB): Free Stock Analysis Report Molina Healthcare, Inc (MOH): Free Stock Analysis Report Cigna Corporation (CI): Free Stock Analysis Report AMN Healthcare Services Inc (AMN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 1st, 2022

Strength Seen in Aspen Aerogels (ASPN): Can Its 17.2% Jump Turn into More Strength?

Aspen Aerogels (ASPN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. Aspen Aerogels (ASPN) shares soared 17.2% in the last trading session to close at $9.88. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 49.5% loss over the past four weeks.Share price of Aspen Aerogels surged after the company said it would not proceed with the planned public offering of common stock.This maker of insulation products is expected to post quarterly loss of $0.57 per share in its upcoming report, which represents a year-over-year change of -147.8%. Revenues are expected to be $38.64 million, up 22% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Aspen Aerogels, the consensus EPS estimate for the quarter has been revised 6.2% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on ASPN going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Aspen Aerogels is part of the Zacks Building Products - Miscellaneous industry. Advanced Drainage Systems (WMS), another stock in the same industry, closed the last trading session 0.3% lower at $90.07. WMS has returned -18.5% in the past month.For Advanced Drainage, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.09. This represents a change of +25.3% from what the company reported a year ago. Advanced Drainage currently has a Zacks Rank of #4 (Sell). Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Aspen Aerogels, Inc. (ASPN): Free Stock Analysis Report Advanced Drainage Systems, Inc. (WMS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 1st, 2022

Alphabet"s (GOOGL) Google Docs to Bring eSignature Feature

Alphabet's (GOOGL) Google Docs is preparing to add an eSignature capability, enabling users to quickly and seamlessly execute customer agreements. Alphabet’s GOOGL division Google is leaving no stone unturned to advance its document tool, Google Docs by bringing innovative capabilities.Reportedly, Google Docs is gearing up to introduce an eSignature capability, enabling users to quickly complete customer agreements from any Docs interface without switching on other tabs or apps.The eSignature feature lets users create copies of existing contracts and make the required modifications. It also enables users to view the status of pending signatures and easily find completed or signed contracts.Per the report, the capability will soon be available in Beta for Google Workspace Individual users.With the latest capability, GOOGL strives to provide an enhanced experience to Google Docs users. This is expected to boost the adoption rate of Google Docs in the days ahead.Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. QuoteEfforts to Bolster Google WorkspaceWith the eSignature capability, GOOGL will add strength to the Google Workspace, consisting of Gmail, Meet, Drive, Calendar, Docs, Tasks and more.Google Workspace has been driving Alphabet’s momentum across organizations for a while, demanding productivity and collaboration tools.The latest move apart, Google Meet was updated with picture-in-picture and multi-pinning features to help presenters and attendees stay glued to their meetings.Google introduced a capability to Google Tasks through which users can star mark important reminders on the Android, iOS and web apps.Gmail introduced a feature that allows users to pause mobile notifications, while the desktop client remains active.All these endeavors are expected to continuously bolster the adoption rate of Google Workspace, which will likely drive Alphabet’s top line in the days ahead.This, in turn, will help GOOGL win investors’ confidence in the near as well as the long term.Shares of GOOGL have been down 24.7% in the year-to-date period, outperforming the Computer and Technology sector’s decline of 30.1%.Competitive ScenarioWe believe that the eSignature feature will provide some competitive advantage to GOOGL over other major organizations like Microsoft MSFT and Apple AAPL.Alphabet already faces intense competitive pressures from Microsoft and Apple, which also offer workspace tools as well as productivity applications to gain momentum among customers.Microsoft, which has lost 23.6% in the year-to-date period, offers powerful productivity and office tools to help users work, learn, organize and connect. Additionally, Microsoft Outlook, consisting of webmail, calendaring, contacts and tasks services, helps users stay connected and productive anytime and anywhere.Further, Apple has provided a negative return of 23% in the same time frame. AAPL’s iWork provides an office suite of applications for users to create word-processing documents, spreadsheets and presentations. Additionally, Apple recently updated iWork with new features, which help users seamlessly work with documents.Zacks Rank & Stock to ConsiderCurrently, Alphabet carries a Zacks Rank #4 (Sell).Investors interested in the broader Zacks Computer & Technology sector can consider Aspen Technology AZPN, carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Aspen technology has returned 20.7% in the year-to-date period. The long-term earnings growth rate for AZPN is currently projected at 18.4%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Aspen Technology, Inc. (AZPN): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 1st, 2022

American Water (AWK) Unit Buys Upper Pottsgrove Sewer Assets

American Water's (AWK) unit Pennsylvania American Water expands its operation through the acquisition of the wastewater system assets of Upper Pottsgrove Township for $13.75 million. American Water Works Company AWK recently announced that its subsidiary, Pennsylvania American Water, has acquired the wastewater system assets of Upper Pottsgrove Township, Montgomery County PA. The acquisition will add 1,550 wastewater customers to the company’s existing 2.4 million customers. Pennsylvania American Water will pay $13.75 million for the acquisition of the wastewater assets.The aging of crucial water and wastewater infrastructure is a concern for the water industry of the United States. The highly fragmented industry, with its small number of operators and limited financial strength, leads to a delay in investment in essential repair and upgrade. The acquisition of smaller units by larger ones ensures the necessary investment in aging infrastructure. Pennsylvania American Water has plans to invest $4 million in Upper Pottsgrove Township wastewater system’s improvements in the next five years.Pennsylvania American Water makes systematic investments to upgrade its infrastructure and makes strategic acquisitions to expand operations along with organic initiatives. In May 2022,  Pennsylvania American Water completed the acquisition of City of York’s wastewater system assets, which added nearly 45,000 customer connections.Fragmented Water Industry Needs ConsolidationPer the Environmental Protection Agency, at present, more than 51,000 community water systems and 16,000 community wastewater systems in the United States are providing water solutions to customers. Per the findings of the American Society of Civil Engineers, water main breaks occur every two minutes in the United States due to the aging of the existing water infrastructure. The breaks in the pipeline result in the wastage of 6 billion gallons of potable water each day and add to the loss of water utility operators.The acquisition of small units by larger utilities ensures necessary investments for the upgrade of infrastructure and the continuation of high-quality services for customers. American Water Works continues to widen its market footprint through strategic acquisitions.Other companies in the water industry expanding their operations through acquisitions are Essential Utilities WTRG and California Water Service Group CWT.During the six-year period ended Dec 31, 2021, Essential Utilities expanded utility operations by completing many water and wastewater acquisitions, which, in turn, added 94,000 new customers. In the first quarter of 2022, the company completed one acquisition, which added 11,000 customers.Essential Utilities’ long-term earnings growth is currently pegged at 6.1%. The Zacks Consensus Estimate for WTRG’s 2022 earnings implies year-over-year growth of 6.6%.California Water Service recently received approval to acquire the water system assets of Skylonda Mutual Water Company. The acquisition is scheduled to close later this year, subject to customary closing conditions. In April 2022, another unit of California Water Service, New Mexico Water Service, closed the acquisition of Morningstar Water System, which added 2,000 water connections.The Zacks Consensus Estimate for California Water Service’s 2023 earnings implies year-over-year growth of 9.3%.Price PerformanceShares of AWK have risen 13.5% in the past two years compared with the industry’s 5.6% rally. Image Source: Zacks Investment ResearchZacks Rank & Key PickAmerican Water currently has a Zacks Rank #2 (Buy). Another top-ranked stock in the same space is Global Water Resources Inc. GWRS, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Global Water delivered an average surprise of 154.2% in the last four quarters. The Zacks Consensus Estimate for Global Water Resources’ 2022 earnings has moved up by 25% in the past 60 days to 20 cents per share. The Zacks Consensus Estimate for GWRS’ 2023 earnings has moved up by 10% in the past 60 days to 22 cents per share.Global Water Resources’ long-term (three to five years) earnings growth is projected at 15%. The current dividend yield of the company is 2.18%, better than Zacks S&P 500 Composite’s average yield of 1.74%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Water Works Company, Inc. (AWK): Free Stock Analysis Report California Water Service Group (CWT): Free Stock Analysis Report Global Water Resources, Inc. (GWRS): Free Stock Analysis Report Essential Utilities Inc. (WTRG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 1st, 2022

5 U.S. Upstream Stocks to Buy for the Second Half of 2022

Spiking oil and natural gas prices have positioned the Zacks Oil and Gas - US E&P operators like DVN, AR, RRC, MTDR and ESTE for explosive gains during the remainder of this year. A major tailwind in the form of high oil and natural gas prices is likely to position the Zacks Oil and Gas - Exploration and Production - United States industry for substantial gains in the second half of this year. Building on this bullish narrative, there is significant upside in upstream firms like Devon Energy DVN, Antero Resources AR, Range Resources RRC, Matador Resources MTDR and Earthstone Energy ESTE. With an all-round improvement in efficiency and cost structure, these companies should experience impressive revenue and cash flow growth.About the IndustryThe Zacks Oil and Gas - US E&P industry consists of companies primarily based in the domestic market, focused on the exploration and production (E&P) of oil and natural gas. These firms find hydrocarbon reservoirs, drill oil and gas wells, and produce and sell these materials to be refined later into products such as gasoline, fuel oil, distillate, etc. The economics of oil and gas supply and demand is the fundamental driver of this industry. In particular, a producer’s cash flow is primarily determined by the realized commodity prices. In fact, all E&P companies' results are vulnerable to historically volatile prices in the energy markets. A change in realizations affects their returns and causes them to alter their production growth rates. The E&P operators are also exposed to exploration risks where drilling results are comparatively uncertain.4 Key Investing Trends to Watch in the Oil and Gas - US E&P IndustryElevated Commodity Prices: Over the past few months, the price of oil has generally traded above $100 a barrel amid Russia’s launch of military operations in Ukraine. The spike reflected concerns about oil supplies from Russia, which is one of the world's largest producers of the commodity. As it is, crude prices were already gaining strength prior to the attack because of a demand uptick owing to the reopening of economies and a rebound in activity. The situation is particularly complex on the natural gas front, with Russia being the world's largest producer of the fuel. Significantly, some 70% of Russian natural gas supplies are purchased by European countries that have no option to substitute a major part of it. The worldwide uncertainty imposed by Kremlin’s aggression briefly pushed U.S. natural gas prices past the $9 mark to its highest levels in nearly 14 years. In other words, macro as well as geopolitical tailwinds have driven most of the bullish sentiments in the energy market in years and the E&P companies should greatly benefit for obvious reasons.Shale Production Restraint: Unlike previous occasions, this time, the U.S. shale operators have been reluctant to turn the tap on production despite the rise in oil realizations. Most of them were forced to dial back output in response to the COVID-induced decimation in demand and prices. Generally, the shale patch constituents are quick to pick up drilling activities on any steep rise in the price, which may thwart the fuel’s bull run. Yet, this time, the companies seem to be in no hurry to boost output. Finally, learning their lesson, shale operators are focusing primarily on improving cost and increasing free cash flow rather than looking at boosting production. While oil at $90 is profitable for almost all shale entities, the industry, for its part, is sticking to the mantra of capital discipline and sustainable production. According to the weekly data provided by Houston-based Baker Hughes, the last time that WTI crude traded at these levels, some 1,600 oil rigs were operational. Now, it’s just around 600, which is proof of the wariness on the part of the producers to raise output too quickly.Lower Cost Structure: The energy companies have changed their approach to spending capital. Over the past few years, producers have worked tirelessly to cut costs to a bare minimum and look for innovative ways to churn out more oil and gas. And they managed to do just that by improving drilling techniques and extracting favorable terms from the beleaguered service providers. Moreover, driven by operational efficiencies, most E&P operators have been able to reduce unit costs, while the coronavirus-induced collapse in crude forced them to adopt a more disciplined approach to spending capital. These actions might restrict short-term production but are expected to preserve cash flow, support balance sheet strength, and help the companies to eventually emerge stronger. In particular, despite continued inflation and supply chain challenges, cash from operations is on a sustainable path as revenues improve and companies slash capital expenditures from the pre-pandemic levels amid sharply higher commodity prices.Commitment to Shareholder Return Framework: The sharp increase in crude prices has allowed the upstream operators to deliver a solid financial performance. Cash from operations looks sustainable as revenues improve and companies cut capital expenditures from the pre-pandemic levels amid sharply higher commodity realizations. To put it simply, the environment of strong prices has helped the E&P firms to generate significant “excess cash,” which they intend to use to boost investor returns. In fact, energy companies are increasingly allocating their rising cash pile by way of dividends and buybacks to pacify the long-suffering shareholders. Zacks Industry Rank Indicates Positive OutlookThe Zacks Oil and Gas - US E&P industry is a 41-stock group within the broader Zacks Oil - Energy sector. The industry currently carries a Zacks Industry Rank #27, which places it in the top 11% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates fairly strong near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s position in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are highly optimistic about this group’s earnings growth potential. While the industry’s earnings estimates for 2022 have surged 167.5% in the past year, the same for 2023 have risen 162.8% over the same timeframe.Considering the encouraging dynamics of the industry, we will present a few stocks that you may want to consider for your portfolio. But it’s worth taking a look at the industry’s shareholder returns and the current valuation first.Industry Outperforms Sector & S&P 500The Zacks Oil and Gas - US E&P industry has fared better than the broader Zacks Oil - Energy Sector as well as the Zacks S&P 500 composite over the past year.The industry has gone up 31% over this period compared with the broader sector’s increase of 16.2%. Meanwhile, the S&P 500 has lost 12.1%.One-Year Price Performance Industry's Current ValuationSince oil and gas companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio. This is because the valuation metric takes into account not just equity but also the level of debt. For capital-intensive companies, EV/EBITDA is a better valuation metric because it is not influenced by changing capital structures and ignores the effect of noncash expenses.On the basis of the trailing 12-month enterprise value-to EBITDA (EV/EBITDA), the industry is currently trading at 5.56X, significantly lower than the S&P 500’s 12.19X. It is, however, well above the sector’s trailing-12-month EV/EBITDA of 3.80X.Over the past five years, the industry has traded as high as 16.47X, as low as 2.90X, with a median of 7.08X.Trailing 12-Month Enterprise Value-to EBITDA (EV/EBITDA) Ratio (Past Five Years)   5 Top Stocks to Buy NowEarthstone Energy: An oil producer targeting Midland Basin of west Texas and the Eagle Ford trend of south Texas., ESTE focuses on growth through a combination of acquisitions and active drilling. The company’s impressive acreage position in the top basins provides it with some 13 years of high-quality inventory life. With a reinvestment rate of just 50%, Earthstone is able to create robust free cash generation.Over 60 days, ESTE has seen the Zacks Consensus Estimate for 2022 increase 13%. The Zacks Rank #1 (Strong Buy) ESTE’s shares have gained some 6.7% in a year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Price and Consensus: ESTE Range Resources: Range Resources has extensive oil and gas resources in key regions like Marcellus Shale & North Louisiana. The company is ideally positioned to reap benefits in the long term from its projects in the Appalachian Basin. As most of its production comprises natural gas, RRC is well-positioned to capitalize on the mounting clean energy demand.Sporting a Zacks Rank of 1, the 2022 Zacks Consensus Estimate for RRC indicates 130.2% earnings per share growth over 2021. Range Resources’ shares have gained approximately 51.8% in a year.Price and Consensus: RRC Matador Resources: Matador Resources’ operations are mainly concentrated in the Delaware Basin, which is among the country’s most prolific oil and gas plays. Since 2011, the company significantly boosted its Delaware acreage, which now covers 124,800 net acres. Moreover, it identified up to 4,381 gross potential drilling locations on its Delaware Basin acreage, making its production outlook bright. Based on MTDR’s strong dividend growth story, it makes for an attractive offering.The 2022 Zacks Consensus Estimate for MTDR indicates 158.1% earnings per share growth over 2021. The company currently carries a Zacks Rank #1. Meanwhile, Matador Resources has seen its shares gain 26.9% in a year.Price and Consensus: MTDR Antero Resources: Antero Resources has positioned itself among the fast-growing natural gas producers in the United States. The company's strategic acreage position in the low-risk and long reserve-life properties of the Appalachian Basin is a major positive. Cashing in on high commodity prices, AR expects to generate more than $2.5 billion of free cash flow in 2022.The 2022 Zacks Consensus Estimate for Antero Resources indicates 413.9% earnings per share growth over 2021. Antero Resources currently carries a Zacks Rank #1. Meanwhile, the hydrocarbon producer has seen its shares increase around 103.6% in a year.Price and Consensus: AR Devon Energy: Devon is an independent energy company whose oil and gas operations are mainly concentrated in the onshore areas of North America, primarily in the United States. The upstream operator’s cost management, divestiture of Canadian assets, and completion of the Barnett Shale gas assets sale will allow it to focus on its holdings in four high-quality, oil-rich U.S. basins. DVN’s innovative dividend policy should also attract investors and position it for more upside in the near-to-medium term.    The 2022 Zacks Consensus Estimate for Zacks Rank #2 (Buy) DVN indicates 157.8% earnings per share growth over 2021. Devon Energy’s shares have gained some 83.9% in a year. Price and Consensus: DVN   Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Devon Energy Corporation (DVN): Free Stock Analysis Report Range Resources Corporation (RRC): Free Stock Analysis Report Matador Resources Company (MTDR): Free Stock Analysis Report Antero Resources Corporation (AR): Free Stock Analysis Report Earthstone Energy, Inc. (ESTE): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJul 1st, 2022

Strength Seen in First United Corporation (FUNC): Can Its 7.2% Jump Turn into More Strength?

First United Corporation (FUNC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. First United Corporation FUNC shares soared 7.2% in the last trading session to close at $18.76. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 17.6% loss over the past four weeks.The performance of the banking sector is expected to improve significantly in the quarters ahead on the back of rising interest rates. In mid-June, the Federal Reserve hiked interest rates by 75 basis points, following one hike in May and another in March. More such rate hikes are expected in the year to tame the raging inflation. This has led to the bullish investor sentiments, which drove First United Corporation stock higher.Also, the company declared a quarterly cash dividend of 15 cents per share, to be paid out on Aug 1. This probably further added to the price rise.This company is expected to post quarterly earnings of $0.84 per share in its upcoming report, which represents a year-over-year change of +27.3%. Revenues are expected to be $18.41 million, up 7.8% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For First United Corporation, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on FUNC going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>First United Corporation is part of the Zacks Banks - Northeast industry. Webster Financial WBS, another stock in the same industry, closed the last trading session 3% lower at $42.15. WBS has returned -10.2% in the past month.For Webster Financial, the consensus EPS estimate for the upcoming report has changed +0.7% over the past month to $1.24. This represents a change of +2.5% from what the company reported a year ago. Webster Financial currently has a Zacks Rank of #3 (Hold). Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First United Corporation (FUNC): Free Stock Analysis Report Webster Financial Corporation (WBS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 1st, 2022

e.l.f. Beauty (ELF) Soars 7.5%: Is Further Upside Left in the Stock?

e.l.f. Beauty (ELF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. e.l.f. Beauty (ELF) shares soared 7.5% in the last trading session to close at $30.68. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.4% gain over the past four weeks.e.l.f. Beauty has been benefiting from its focus on innovation, solid digital strategy and core value proposition. Solid consumption trends and pricing actions are also working well for the company. The company’s mass cosmetics category is encouraging. Management expects sales to grow 10-12% in fiscal 2023, including double-digit rise in each quarter.This cosmetics company is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of -14.8%. Revenues are expected to be $108.88 million, up 12.2% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For e.l.f. Beauty, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ELF going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>e.l.f. Beauty is part of the Zacks Cosmetics industry. Revlon (REV), another stock in the same industry, closed the last trading session 18.1% higher at $5.42. REV has returned 11.4% in the past month.For Revlon, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$1.31. This represents a change of -29.7% from what the company reported a year ago. Revlon currently has a Zacks Rank of #3 (Hold). Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report e.l.f. Beauty (ELF): Free Stock Analysis Report Revlon, Inc. (REV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 1st, 2022

Huron Consulting (HURN) Surges 6.2%: Is This an Indication of Further Gains?

Huron Consulting (HURN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. Huron Consulting (HURN) shares ended the last trading session 6.2% higher at $64.99. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.9% gain over the past four weeks.The uptick can be attributed to the company's better-than-expected earnings and revenue performance.This consulting company is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of +11.6%. Revenues are expected to be $251.42 million, up 9.3% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Huron Consulting, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HURN going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Huron Consulting is part of the Zacks Consulting Services industry. Hackett Group (HCKT), another stock in the same industry, closed the last trading session 1.9% higher at $18.97. HCKT has returned -10.5% in the past month.Hackett Group's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.34. Compared to the company's year-ago EPS, this represents a change of -12.8%. Hackett Group currently boasts a Zacks Rank of #2 (Buy). Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Huron Consulting Group Inc. (HURN): Free Stock Analysis Report The Hackett Group, Inc. (HCKT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJul 1st, 2022

Ormat Technologies (ORA) Stock Jumps 5.9%: Will It Continue to Soar?

Ormat Technologies (ORA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. Ormat Technologies (ORA) shares soared 5.9% in the last trading session to close at $76.58. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.9% loss over the past four weeks.The latest uptick in Ormat Technologies’ share price can be attributed to the fact that the company is set to join the S&P MidCap 400 index, effective prior to the opening of trading on Thursday, July 7.This geothermal company is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $163.53 million, up 11.3% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Ormat Technologies, the consensus EPS estimate for the quarter has been revised 3.2% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on ORA going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Ormat Technologies is a member of the Zacks Alternative Energy - Other industry. One other stock in the same industry, NextEra Energy Partners (NEP), finished the last trading session 2.3% lower at $73.31. NEP has returned 4.8% over the past month.NextEra Energy Partners' consensus EPS estimate for the upcoming report has changed -3.4% over the past month to $0.28. Compared to the company's year-ago EPS, this represents a change of +128.9%. NextEra Energy Partners currently boasts a Zacks Rank of #3 (Hold). Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ormat Technologies, Inc. (ORA): Free Stock Analysis Report NextEra Energy Partners, LP (NEP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJun 30th, 2022

Wall Street Stories of 1H to Continue in 2H: 5 Picks

Some hot events of 1H may influence markets in 2H and stocks like CF Industries (CF), Unum Group (UNM), Archer Daniels (ADM), The Chef's Warehouse (CHEF) and PBF Energy (PBF). U.S. stocks are on track for the worst first half in more than 50 years. Persistently high inflation, a hawkish Fed, and Russia's invasion of Ukraine are weighing heavily on investor sentiment. The combination has sparked fears of a recession anytime soon and is expected to influence the stock market in a big way in the second half as well.As such, investors should consider stocks such as CF Industries CF, Unum Group UNM, Archer Daniels Midland Company ADM, The Chef's Warehouse CHEF and PBF Energy PBF that could be compelling picks to tap the trend.With just a day left to end the first half of 2022, the S&P 500 is in bear territory, falling nearly 20%. The Dow Jones and the Nasdaq have plunged 14.6% and 28.5%, respectively.Let’s discuss these events in detail below with the stocks:Skyrocketing InflationPrices of almost everything, from raw materials to food prices to shipping costs, have surged at the fastest pace in nearly four decades. The consumer price index jumped 8.6% year over year to a fresh 40-year high in May, from an 8.3% annual increase recorded in April. The pandemic-related supply shortages and continued strength in consumer demand continued to push prices higher.Investors could make some profits by investing in stocks benefiting from rising inflation. While there are many options, CF Industries could be an exciting bet. With a market cap of $18.3 billion, CF Industries is one of the largest manufacturers and distributors of nitrogenous fertilizer and other nitrogen products globally.The stock has soared 24% this year. CF Industries has an estimated earnings growth rate of 346.9% for this year. It carries a Zacks Rank #2 (Buy) and has a VGM Score of A.Hawkish FedIn the latest FOMC meeting, the Federal Reserve announced the biggest interest-rate increase since 1994 to quell the four-decade high inflation. Fed Chair Jerome Powell raised interest rates by 75 bps, pushing the federal funds rate between 1.5% and 1.75%. This was followed by a 50 bps hike enacted in May. The central bank is on pace to hike rates again in July by another 75 basis points, as tracked by the CME's Fed Watch Tool.The financial sector seems to be the biggest beneficiary of the Fed’s move. This is because the steepening yield curve would bolster profits for banks, insurance companies and discount brokerage firms. Unum Group provides long-term care insurance, life insurance, employer- and employee-paid group benefits and related services. The stock has surged about 40% this year and is expected to maintain its bullish trend heading into 2022.Unum Group has an impressive estimated earnings growth of 17% for this year. UNM has a Zacks Rank #2 (Buy) and VGM Score of A.Russia-Ukraine CrisisThe ongoing tensions between Moscow and Western countries over Ukraine have sparked a rally in a broad range of commodities. This is especially true as the tensions have led to supply disruption fears in an already-tight commodity market. Russia is a commodities powerhouse and a key supplier of energy, metals and agri, while Ukraine is a major exporter of corn and wheat. Together, Russia and Ukraine account for roughly 29% of the global wheat export marketAlthough most companies are benefiting from this trend, Archer Daniels is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products. The stock has an estimated growth rate of 22% for this year and has a market cap of $42.8 billion.ADM has a Zacks ETF Rank #1 (Strong Buy) and VGM Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.Recession FearsAs the global economy is struggling with skyrocketing inflation and low growth, the World Bank has warned of a recession. The war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation are all hurting growth. Additionally, energy and food bills have been rising around the world. The World Bank now expects the global economy to expand 2.9% for this year, down from 5.7% growth in 2021 and lower than the 4.1% expectation projected in January.The consumer staples sector is viewed as defensive as it includes a variety of items like food & beverages, non-durable household goods, hypermarkets and consumer supercenters that are essential for daily needs. These products see steady demand even during an economic downturn due to their low levels of correlation with economic cycles. Chefs' Warehouse is a distributor of specialty food products in the United States. The company is focused on serving the specific needs of chefs who own and operate restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores.Chefs' Warehouse earnings are expected to grow to $1.22 per share this year from a loss of 5 cents. CHEF is up 20% this year and has a Zacks ETF Rank #1. Chefs' Warehouse has a VGM Score of B.Energy Sector: A WinnerThe energy sector has been the outperformer this year on surging oil prices. Tightening supply and improving demand fundamentals have been driving prices higher. Overall demand for fuel has rebounded to the pre-pandemic levels. PBF Energy has more than doubled this year, with a potential to move higher further in 2022. It is a leading refiner of crude and provides end products that comprise heating oil, transportation fuels, lubricants and many related productsPBF Energy has an estimated earnings growth rate of 393.6% for this year and sports a top Zacks Rank #1. PBF has a VGM Score of A. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Archer Daniels Midland Company (ADM): Free Stock Analysis Report Unum Group (UNM): Free Stock Analysis Report CF Industries Holdings, Inc. (CF): Free Stock Analysis Report The Chefs' Warehouse, Inc. (CHEF): Free Stock Analysis Report PBF Energy Inc. (PBF): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJun 30th, 2022